Unexpected events do happen

What is life insurance?

Life Insurance is a type of insurance policy that can help minimise the financial impact that your death could have on your loved ones. If you die during the length of the policy, it could pay out a cash sum. Our life insurance specialist based in Altrincham can help you find the best product for your circumstances.

Do I need life insurance?

Whether you need life insurance will depend on your individual circumstances. For example, life insurance can provide peace of mind for people with children, partners or spouses that depend on them financially, as well as people with a mortgage on the family house. Our life insurance expert based in Altrincham can advise you on those best life cover to fit your needs. 

According to the association of British insurers, 98% of life insurance claims were paid out in 2020, which equated to £17million paid every single day.

How much does life insurance cost?

There are many articles about “life insurance calculators and cheap life cover”. A cliché but each quote is specific to the individual several key factors will influence the cost of life cover;

*How much life cover you need 

If you take out a higher amount of cover, your monthly payments are likely to be higher. Our expert protection adviser based in Altrincham can advise you on what level of cover would be appropriate based on your needs. 

*Your age 

Generally speaking, the older you are, the more expensive life insurance tends to be. This is because as you get older you have a greater chance of developing health issues 

*Health and life style 

Your smoker status, weight and medical history will be a consideration for insurers when assessing risk and how much your life cover in Altrincham will cost.

The easiest way to find out how much your life insurance in Altrincham will cost is to get in touch. Our life cover expert Nick will be able to give you a tailored quote based on what you need.

When should I take out life insurance?

Life insurance is there to provide financial security for anyone who depends on you, if the worst happens and you pass away. We tend to find people tend to review life cover needs at some key milestones; 

Getting married - life cover for married couples in Altrincham 

Starting a family - you will have someone who will rely on you 100%

Buying a house - most likely you will have a mortgage debt, we provide expert advice on life cover to clear the mortgage in the event of death.

Increasing your mortgage- you may have moved house or borrowed more and need to review your existing provision.

How much does life cover advice cost?

Like all brokers we get paid a commission with the insurance company we place you with. We simply choose not to charge any fees on top. We offer a fee free life cover advice.

Our Altrincham based life cover adviser can recommend the most appropriate family income benefit plan based on your needs and budget. Get in touch today 

What is critical illness insurance 

Critical illness cover protects you when you are diagnosed with a serious illness such as cancer, or suffer a heart attack or stroke. The lump sum payout can be used for what you wish and could be used to pay household bills, cover loss of earnings or pay for private medical treatment. 

Who needs Critical Illness Cover?

A critical illness can affect anyone at any age and can turn lives upside down. In the event of being unable to work due to critical illness, having a back-up plan in place can alleviate some of the financial stress of the situation. Some people may use their savings to supplement their loss of income, others may rely on an employment benefit package, while others may find that Critical Illness Cover is their best option. 

How much critical illness cover do I need?

 You will need to consider the level of financial support you and your dependents would require if you weren’t able to earn an income due to your illness. There are many things to consider such as how much you can afford to pay, outstanding debts such as a mortgage, how much you earn, expenditure each month and much more. Out critical illness cover expert based in Altrincham can advise on an appropriate level of protection based on your needs and budget. 

How much does critical illness cover cost?

The cost of critical illness cover in Altrincham will depend on your age, lifestyle, if you smoke and many other factors. The quality and benefits of critical illness policies vary. Our critical illness expert will complete a full review and recommend the most appropriate product based on your needs. Get in touch now. 

Is the quality of critical illness cover better with some providers?

The benefits and features of critical illness policy can vary dramatically between providers. In addition the wording of what’s being covered can affect the likelihood of a payout. Getting a professional critical illness review will help ensure you secure the protection most appropriate for you and your loved ones.

Am I eligible for critical illness cover?

To be eligible to take out UK critical illness insurance, you will generally need to be a UK resident. Some providers may have maximum age limits on their policies. Some conditions may be excluded from cover based on your medical history. Get in touch we can check your eligibility and give you a quote for critical illness cover. 

How do I get a critical illness cover quote?

You can call Nick on 07412841848 or leave you details here and we can call you straight back.

We know protecting your family is important to you. From Life Insurance & Mortgage Protection to Critical Illness Cover & Income Protection, we offer a wide variety of cover to make sure you and your family are fully protected. We can also make sure that any policies are written into Trust to give you that extra peace of mind.

What is income protection insurance?

Many of us would struggle to keep on top of our essential outgoings, such as mortgage and rent, if we lost an income due to illness or an accident. Income protection is a long-term insurance policy that makes sure you get a regular income until you retire or are able to return to work. 

How does income protection cover work?

Income protection insurance:

• provides regular payments      that replace part of your income if you’re unable to work due to illness      or an accident
• pays out until you can start      working again – or until you retire, die or reach the end of the policy      term – whichever is sooner
• typically pays out between      50% and 65% of your income if you’re unable to work
• covers most illnesses that      leave you unable to work – either in the short or long term (depending on      the type of policy and its definition of incapacity)
• can be claimed as many times      as you need to while the policy lasts.

There’s often a pre-agreed waiting (‘deferred’) period before the payments start. The most common waiting periods are 4, 13, 26 weeks and a year. The longer you wait, the lower the monthly premiums. Our insurance specialist, Nick based in Altrincham can help tailor your income protection quote based on your circumstances. 

How much does income protection insurance cost?

Premiums can vary and different insurers can use very different criteria. So it’s worth shopping around and doing a bit of research. The best way to make sure you get what you need is to get specialist broker. At Greenwood Mortgages we can take you through the details of the various policies available, and recommend the most appropriate policy based on your needs.

When do you need income protection insurance?

When we’re unable to work due to illness or an accident, you might assume that your employer will continue to give you some level of income. In reality, however, employees are usually moved onto Statutory Sick Pay within six months. Very few employers support their staff for more than a year if they’re off sick from work. Check what your employer will provide for you if you’re off sick. Depending on the level of savings you have, the loss of an income can soon leave you unable to pay essential household bills, such as mortgage/rent and utilities. It can be particularly difficult if you’re self-employed and so have no sick pay to fall back on. 

I am self employed, can I get income protection?

Self employed people are less likely to have sick pay provision. Yet according to "The Exeter" less than 1 in 10 self employed people have any form of income protection. Cover is available on an individual or business basis.

How do I get a quote for income protection cover?

 You can all our income protection expert Nick based in Altrincham on 07412841848 or leave you details here and we can call you straight back. We give quotations based on your needs and circumstances.

What is a family income protection plan?

A family income protection benefit is a type of life insurance policy. Where it is different from standard life insurance is that it pays out a regular monthly income, rather than a lump sum. You, as a policyholder, will pay a monthly or annual premium, and cover remains in place for a specified length of time. If you were to die during that time, your loved ones would get a tax-free income to help replace your lost earnings.

How does a family income benefit plan work?

A family income benefit policy pays out if you die during the length of the policy, known as the ‘term’. Be aware that there’ll be no pay-out of family income benefit if you don’t die during the term of the policy, nor will you get your money back. 

Who would want a family income benefit policy?

While most of us think of life insurance to keep a roof over their heads, family income benefit will pay your dependents a tax-free monthly income. This could be for outgoings such as mortgage payments, bills and childcare costs. There are countless scenarios where this could be appropriate. A common scenario where clients in Altrincham who have young families who would want to replace an income if someone was to pass away until the children are no longer dependent.

How do I get a quote for income protection cover?

You can all our family income benefit expert Nick based in Altrincham on 07412841848 or leave you details here and we can call you straight back. We give quotations based on your needs and circumstances.

What is private health insurance?

Health insurance, often called private medical insurance, is an insurance policy that covers the costs of private healthcare, from diagnosis to treatment. You will pay a monthly subscription that covers all or some of the cost of treatment for acute conditions that develop after your health insurance policy has begun.

What type of cover do I need?

Individual private health insurance 

Private Health Insurance (otherwise known as Private Medical Insurance or PMI) provides you and with the assurance of knowing treatment is available to you as soon as possible. Receive a fast diagnosis through private healthcare plans. Our health insurance broker in Altrincham offers bespoke advice to professionals wishing to secure private medical insurance. 

Family health insurance 

Family health insurance is a type of private medical cover that is intended to cover a single family under a one policy. With family health insurance cover, you and your family may experience faster access to diagnosis and treatment. This may provide families with peace of mind that, in the event of ill-health, they have access to private care facilities. We give advice on private medical insurance for families and can recommend the most appropriate cover based on your needs and circumstances. 

Couples health insurance 

Couples health insurance, or joint health insurance, is when two individuals who live together are covered under the same terms on a single health insurance policy. This is an alternative to two individuals accessing private healthcare under two separate policies. Couples health insurance may offer a more comprehensive and cost-effective route to accessing private healthcare services in the UK.

Do I need private health insurance?

Private health insurance gives you choice when it comes to medical treatment. Whether you need it will depend on your personal preferences, and if you would rather have private treatment than publicly funded healthcare like the NHS.  Some reasons to opt for private health insurance include: you don’t want to be on an NHS waiting list for treatment, you want access to specialist treatment, you would like the option to choose where you are treated and whom.

Why use a broker for family health insurance?

Working with a health insurance broker in Altrincham can help you maximise your time when you're choosing coverage for your family. We can vet different plans for you and explain the finer points of each plan. enroll you and assist if you want to renew with the same provider. We make the process easy and can complete appointment face to face, phone or zoom and are available 7 days a week. 

Do you charge broker or advice fees for health insurance advice?

No, like all brokers we are paid a commission from the insurer we place you. Unlike all brokers we choose not to charge are clients any fees on top of this. 

Business health insurance advice (also known as private medical insurance) in Altrincham

Having a health insurance policy for your employees can deliver significant long-term benefits to both your business and your employees.

For your employees, the benefits include:

• Access to high standards of  healthcare for a wide range of illnesses and conditions, including mental health and musculoskeletal conditions
• Shorter waiting times for treatment and generally more accessible hours
• More personalised care, based on their preferences
• Sometimes the policy will cover their family members, too
• Often, a 24-hour GP or nurse practitioner phoneline

As a business, you could benefit from a group health insurance policy for these reasons:

• Your staff aren’t subject to NHS waiting lists, helping employees get better and return to work more  quickly
• Employees can speak to a doctor outside working hours
• Better healthcare could help improve wellbeing among your team, boosting productivity
• You can attract and retain the best people by offering this benefit as part of the overall      remuneration package

Is small business health insurance cheaper than individual?

Small businesses in Altrincham may find that taking out corporate health insurance is cheaper than individual policies. Spreading the risk between as little as two people can help bring down the cost of premiums. Plus, group policies tend to be less flexible and personalised, which can make them cheaper. Your local Altrincham private medical  insurance broker Nick can give bespoke advice to match your companies needs and objectives. Get in touch today 

How much does a business health insurance policy cost?

There a number of factors that can impact your cost for business private medical cover, including:

• Group size – Generally, the higher the number of people covered, the lower the price per employee. 
• Average age – It is cheaper to cover younger employees. Because this is a group policy, the premiums      will be based on the average age of those covered.
• What’s covered – You can choose from various levels of cover. The more comprehensive the cover, the more expensive it will be. Additions include things like outpatient cover,      dental care, psychiatric care, physiotherapy and allowing second opinion      appointments.
• Occupation – The type of work your employees do will affect how at risk they are of getting ill or      injured. If they are more likely to claim, the cost will be higher.
• Where you’re based – Getting treatment in certain locations like Central London can be more expensive,      and this will affect the price of your policy.
• The excess – Employees will usually pay an excess for treatment. The lower the excess, the higher the premiums.

Our small business health insurance broker in Altrincham can help tailor your plan to meet both your needs and budget. Get in touch here