2022 is set to be a huge summer of sports, with awe inspiring events such as the Women's Euro’s, Wimbledon, the Commonwealth Games and the Tour de France taking place, it’s hard not to be inspired!
Whether you're already a keen weekend hobbyist, or if you’ve been inspired to get your running shoes on and jog around the park for the first time in a while; it might be worth having a look at your life insurance plan to see what kind of added benefits are included - you might be pleasantly surprised!
Before we get stuck into some of these benefits, it’s important to be aware that what is available can vary from provider to provider, and product to product. In this article we wanted to highlight some of the great added policy benefits which are out there.
As always, if you want to know more about the benefits we discuss and more, call the Cavendish Online advice team on:
(9am - 5:30pm, Monday to Friday)
What kind of things can be added onto life insurance, critical illness and income protection policies?
There are a whole host of benefits which are often included in life insurance, critical illness and income protection policies for no additional cost*, such as:
Virtual GP services
Wellbeing support and helplines
Rehabilitation support services
*As always, benefits can vary from provider to provider and depending on the product. We always recommend reading through your policy documents carefully and contacting your insurer directly for clarification of what your policy includes.
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Amazing benefits, addable for a small additional cost:
There are some other optional benefits that can be included on certain life insurance, critical illness and income protection policies for a small additional premium. These types of services may come in handy for weekend warriors first time toe-dippers alike (though we want to highlight that they are generally not available to professional sportspeople)!
Fracture cover pretty much says what it does on the tin! This plan would give you a small payout to help you get back on your feet if you suffer from a fracture or sprain. Though the types of fractures/sprains covered and level of payout does vary from provider to provider - types of fractures/sprains covered include things like your arms, legs, ribs, skull or ankle, with payouts of up to £6,000 (subject to the provider).
Fracture/sprain cover can be added onto most policies for a small premium (usually around £3 - £6pcm depending on the provider) - but it must be included at inception. If this is something you would like to look into, it would be best to speak to an insurance adviser.
However, if you take part in any of the above, we are still likely to be able to help. Our team of friendly and professional advisers may be able to find you cover in the form of life insurance, critical illness cover or income protection - so if in doubt, why not get in touch with the team today!
If your new hobby is taking you all across the world, then it may be worth considering Global Treatment. Global Treatment can be added to any AVIVA life insurance plan, a critical illness plan or an income protection plan for a small additional cost (usually around £3 - £6pcm).
This added benefit would help ensure that you are covered abroad should you become ill or injured. Typical things included in this type of plan would be hospital admission, travel and accommodation. Though please be aware that it is not intended as a replacement for travel insurance and we cannot provide any advice or recommendations regarding this.
Global Treatment also offers the option to have medical treatment overseas that you couldn’t have in the UK (i.e. if a particular specialist treatment isn’t available in the UK, Global Treatment could help you seek treatment abroad).
To find out more, please speak to one of our advisers today, call:
Policies which reward healthy lifestyles
There are policies out there which reward healthy lifestyles with things such as money off gym memberships, running shoes, fitness trackers and even discounted premiums!
There are several different options out there, so if this sounds like something you would be keen to know more about then please call our team of advisers on 01392 436 193 and they can help you secure the best policy for your needs.
Waiver of Premium
Waiver of Premium is a handy additional benefit that can be added on to life insurance policies and critical illness policies for a small assisional cost (typically 20p to 50p a month - though this can vary).
TIP - Waiver of premium is not automatically included in life insurance quotes that are generated through our online application service. If you are looking for Waiver of Premium please contact us for assistance.
What is Waiver of Premium?
It is an additional insurance for the premium itself and usually means that the policy will be paid for by the insurance company if you are off sick and unable to work, typically for a period of more than 6 months.
Waiver of Premium would help ensure the policy does not lapse due to non-payment of premiums in the event of you being unable to work due to illness or injury for an extended period of time.
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Is there a policy that could support me if I am unable to work due to illness or injury?
Want to know more about what we have talked about in this article?
If you are interested in any of the options above, it is best to speak to an insurance adviser to obtain the full details and cost of the plan. An adviser will research the whole market for you, then provide options and professional advice suitable to your personal situation.
There is no upfront cost to speak to one of our advisers and receive advice, but we would be paid commission if you decide to go ahead with a plan - a percentage of this commission is sacrificed to bring costs down for you.
Speak to the experts...
Give our advisers a call today.
Our team of friendly and professional advisers are on hand to help with any questions you may have regarding Life Insurance.
The advisers can also make recommendations tailored to your current situation and will research the market on your behalf, ensuring you secure the cover you need and supporting you every step of the way.
(Monday to Friday, 9am - 5.30pm)