Oakwood Finances
01303 621511 - Folkestone, Canterbury, Ashford, New Romney, Margate
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Oakwood Finances Insurance Provision

Insurance

Oakwood Finances Insurance Provision

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Income Protection & Critical Illness

Oakwood Finances: Income Protection
Oakwood Finances: Income Protection

Income Protection.

If you are off work because of sickness or an accident an income protection policy will pay you a monthly sum to cover your outgoings. Most policies will start paying after you are off work for a few weeks or if your sick pay from work has stopped. You can choose the amount of cover needed up to a percentage of  your gross annual earnings. When choosing a policy, you will need to think about whether you want cover for sickness, or accidents, or unemployment protection, or a comprehensive policy which covering everything.

Oakwood Finances experience in dealing with these issues will be of great help in advising how to get the best value cover.

Critical Illness.

Critical illness cover pays out when you are diagnosed with a serious illness. Not all health conditions are covered by all providers so you need to be very clear about the cover you require. In addition some providers will pay out a percentage of cover when you are first diagnosed with a critical condition even though it has not yet prevented your ability to earn income. This is to enable you to get early treatment to ease and delay the condition. The common conditions you will want to include are:

  • All heart attacks
  • All strokes
  • Cancer
  • Chronic Obstructive Pulmonary Disease
  • Liver disease
  • Dementia
  • Coronary artery by-pass surgery
  • Kidney failure
  • Major organ transplant
  • Multiple sclerosis.

Oakwood Finances can advise the best value for money policies when taking into account how much you will need to be covered for and the likelihood of the conditions you may encounter.

 

Ian Brown trading as 'Oakwood Finances' is an appointed representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 843578. The FCA do not regulate Business Buy to Let Mortgages or Commercial Mortgages to Limited Companies. The guidance and advice contained within this web site Is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. Oakwood Finances operate throughout Folkestone, Canterbury, Ashford, New Romney, Margate and surrounding areas in Kent, United Kingdom.

-- Your home may be repossessed if you do not keep up the payments on your Mortgage --

There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be 0.75%.

Commission Disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.