Insuring Our Health
Our Value For You
- We help you insure properly against the financial effects of illness, injury, and death
- We can advise you whether existing policies are right for you, can cover you better, or be cheaper
- We can help you if you have a claim that needs help with paying out
- We search the whole of the insurance market
- We help business owners understand the consequences of disasters & plan to manage them
- We take the hassle of administration away from you; form filling, button pressing, negotiating – all saving you time, trouble and concerns if anything wasn’t quite right
What our advice can do for you
- We all know that illness stopping you earning an income, injury & accidents can prevent you from working, serious illness and death can leave a massive financial hole
- We can give great insurance advice on the statistical chances of these things happening to help you make the right choices
- On average, people are £570 per month worse off after being diagnosed with cancer (source: Macmillan Cancer Support) and 2 in 5 parents have had to take time out of work to take care of an ill child (source: MetLife, 2018)
- Our insurance advice helps to protect your lifestyle by recommending affordable protection, providing much-needed breathing space
Ian is a fully qualified member of the Personal Finance Society, so you can be sure of expert and experienced advice!
How Many Days Would Your Money Last?
How much income might you need to pay your bills, and for how long might you need cover for?
- What would happen if you became ill and couldn’t afford to pay the bills?
- If you have a family, what would be the cost to them if you can't earn?
- How long can your savings cover any personal loan or debt repayments?
- Thinking of relying on statutory sick pay? That's £94.25 a week for up to 28 weeks) - assuming you qualify.
- Employment & Support Allowance, the main state incapacity benefit, averages at £74.35pw.
- So someone who previously supported their family with their income could face severe financial hardship if they had to rely solely on benefits.
Serious Illness Cover / Critical Illness Cover
Serious illness cover, also known as critical illness cover, gives you financial protection against certain illnesses and medical conditions of a specific severity.
The cover will provide you with a tax-free lump sum cash payment which can be used to help you and your family. For example, it could help you pay off your mortgage, pay for treatment to help you recover or pay your household bills.
We can help you protect those who depend upon you against the most serious risks that you face.
- 1 in 2 will get cancer in their lifetime (Source: Cancer Research UK Jan 2020)
- 27% of all deaths in the UK are heart-related (Source: British Heart Foundation 2019)
- 1 stroke happens every 5 minutes in the UK (Source: Stroke Association UK 2018)
- The sobering statistic is around one child in 29 loses a parent before they grow up.
- Every year, 1 million workers in the UK unexpectedly find themselves unable to work because of injury or illness.
Examples of critical illnesses that might be covered include; stroke, heart attack, certain types and stages of cancer, and conditions such as multiple sclerosis. Some critical illness insurance policies will make a smaller payment for less severe conditions, or if one of your children has one of the specified conditions.
What Does Private Medical Insurance Cover?
Private medical insurance covers treatment for a disease, illness, or injury that is likely to respond quickly to treatment which aims to return you to the state of health you were in before suffering the condition, or which leads to your full recovery.
Private medical insurance means getting through the health system quicker through reduced waiting times, a speedy diagnosis, and treatment. Private medical insurance is designed to work alongside, not to replace, all the services offered by the NHS - clients continue to use the NHS.
The NHS Waiting List
The NHS has shown true resilience over the last few months in supporting the nation’s healthcare. We have all taken comfort in the speed at which they have been able to adapt to cater for the COVID-19 crisis.
- Macmillan Cancer Support said in August 2020, "... results from June suggest an alarming backlog of undiagnosed cancer and a growing number of people who are yet to start treatment. This could directly impact on many of these people's chances of survival."
- In June, more people than ever before - 1.85 million - were waiting longer than 18 weeks for planned hospital surgery, such as knee and hip operations.
- NHS England figures also show the number of people waiting more than a year for hospital treatment rose from just over 1,000 in June last year to 50,500 for the same month this year. And a total of 94,354 patients were admitted for routine treatment in June, down from 289,203 in June 2019.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
Chestnut Financial Services Limited. Registered in England no 9918363. Registered office: 10 Newark Road, Bassingham, LN5 9HA. Authorised and regulated by the Financial Conduct Authority No. 840940