Permanent Health Insurance

Permanent Health Insurance provides cover in the event that you are unable to work, and therefore to earn, due to illness or injury.

A lot of people suffer financial hardship as a result and the state offers only minimal help for those eligible for income support. Eligibility for incapacity benefit is strict. After 28 weeks of illness claimants must undergo a test checking their ability to do some form of work. Even if they qualify, benefits are very low and they are taxable.

Permanent Health Insurance pays a regular amount to protect your standard of living if you suffer long-term sickness or injury. Benefit usually starts after an initial waiting period of four, 13, 26 or 52 weeks and it is payable until you return to work, die or the policy term expires, whichever happens first.

It’s called permanent because the insurer may not cancel the policy no matter how often you claim for benefit, although policies usually expire when the policyholder reaches 60 or 65. Insurance companies will not normally write new policies for applicants within five years of these age limits.

If you are looking for permanent health insurance it’s crucial you get the best policy to suit both your budget and your needs. In these days where the concept of a job for life with all its associated benefits has vanished it is now more important than ever to insure against risks.

The premium cost will depend on the extent of the illnesses covered, the age of the policyholder and period of time that elapses between when the insured becomes ill and the deferred period.

There is considerable choice between different covers offered by different insurers. The key is to choose a balance between the cover you need versus the cost of premium.

If premiums are not maintained then cover will lapse. Protection policies do not have a cash value unless a valid claim is made.

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Mortgages

Buying a property can be the biggest decision made in our lives. It is for this very reason that impartial advice is critical from qualified advisers.

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Protection

There are many types of Protection Policies to choose from. Finding the one that provides adequate cover and the right protection is not as easy as you may think.

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Insurance

We can search through a range of policies to find the one that suits you best from our extensive list of insurers. So this year leave the shopping to us.

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Contact

Over the years we have gained an excellent reputation for our customer service, and pride ourselves on the long term relationships that we enjoy with our customers.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Village Financial Services Ltd is authorised and regulated by the Financial Conduct Authority.

There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £199.

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This site is only directed at persons within the UK. Calls may be recorded for training and monitoring.

Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows:

The Financial Ombudsman Service,Exchange Tower, London, E14 9SR Tel: 0800 023 4567 or 0300 123 9 123

www.financial-ombudsman.org.uk


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