Positive outcome after previous set back
Scenario
We received an enquiry from a lady who had tried to organise a new income protection and critical illness mortgage protection plan online. After quite a lengthy application and underwriting process she was informed by the insurer that they could offer her cover but would apply a full cancer exclusion to her policy because sadly her mother has breast cancer in her 50’s.
As it stood all she had in place for protection was 3 months sick pay entitlement from her employer, and after this she would move on to statutory sick pay if she was ever unable to work long term. Understandably due to her mum’s previous illness, having cancer cover in place for her was a top priority.
Recommendation
We were able to draw on our extensive experience and knew which questions to ask our client regarding any scans, tests or follow ups, to understand what she
has been advised regarding the risk and likelihood of her suffering from the same illness as her mother in the future. The outcome was that she was given the all clear from doctors in every respect regarding future risks.
This information allowed us to liaise directly with the underwriters of all the leading insurers to discuss the case in detail and understand whether there would be any impact on any future policies. Despite the fact that some insurers took a similar approach with cancer as an exclusion, our protection specialist managed to source a comprehensive policy from one of the UK’s leading insurers. No exclusions were applied to either of the policies, all conditions were covered as normal and there was no increase to the original policy premium.
Outcome
In this scenario, our client was delighted as she secured the cover that she originally wanted. She had a fully comprehensive income protection policy that will protect her all the way up to her retirement age. She also now has in place a comprehensive life and critical illness policy to protect her whole mortgage with no exclusions or increased premium for either policies.
Our specialist also helped our client place the life insurance portion of her life and critical illness mortgage protection plan into trust. This helps to ensure a quick pay out to her husband in the event that she passes away while the policy is in place.
Other Case Studies
Protecting the director of a new start business
ScenarioA new client approached us having set up his own limited company in the last 12 months. In this scenario this client was 100% shareholder within the business. Having lost all previous benefits he had when he was an employee, he wanted to understand the options...
Protecting a family with three young children
ScenarioWest End Protect recently helped a couple who had recently remortgaged their home to borrow additional funds for home improvements. They had some existing policies that they took out around 12 years ago when they bought their first home but since then their...
Protecting a young couple’s mortgage and lifestyle
ScenarioWest End Protect were approached by a couple who were in the process of buying their first home together. For many couples, buying a home together is an exciting milestone - a symbol of partnership, stability, and shared dreams. But with that excitement comes...
Protecting Limited Company Directors
ScenarioThree business partners had built a very successful business in a relatively short period of time. Something that they had never considered is what would happen should any of them pass away or become seriously ill and be unable to work. If one of the partners...
Helping protect a single first time buyer
ScenarioWest End Protect were approached by a first time buyer who had recently bought their first home. They had initially wanted to hold off committing to any financial protection products as they wanted to see what their new expenditure would look like and...