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Scientific data underscores the importance of maintaining certain insurance policies. For instance, health insurance can significantly reduce out-of-pocket medical expenses, and life insurance provides financial security for dependents in the event of untimely death. Similarly, home insurance safeguards against substantial financial loss from property damage, and auto insurance is legally required in the UK.
Navigating the complexities of insurance requires expertise, which is where a professional insurance broker becomes invaluable. Research indicates that brokers can help clients find tailored insurance solutions that meet their specific needs while optimizing cost-efficiency. They offer informed advice based on market trends and policy details, ensuring comprehensive coverage and peace of mind. Leveraging the expertise of a professional insurance broker can help you make informed decisions, balancing protection and cost.
Private medical insurance can cover the cost of private healthcare, including specialist fees, diagnosis fees, treatment fees, various examination fees, surgery fees, hospital charges and other additional services (such as private ambulance fees, nurse caring, online consultation, etc.). You can also add dental insurance, travel insurance, physical therapy insurance and psychotherapy insurance.
Life insurance is a type of financial protection that pays out following a valid claim if the policyholder dies. The payout is typically a cash sum. After the death of the insured person, the payout from a life insurance policy could be used to support dependents with ongoing living costs, such as the mortgage or rent, childcare, and household bills. You can also add critical illness insurance and disability insurance as additional coverage. For customers who purchase life insurance and critical illness insurance, we will help you set up a trust for free.
Critical illness insurance, means that when the insured suffers from a serious disease, such as cancer, heart disease, stroke, etc., and meets the claims conditions, the insurance company will make a one-time payment according to the insurance amount agreed in the contract.
Income Protection protects the insurer if they are unable to continue their work due to accident or sickness resulting in temporary or permanent loss of income. The insurance company will pay a set amount of tax-free income to the insurer regularly during the contract period.
** The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
** The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key Features and Policy Documents.
** We do not offer PMI but we can refer you to our third party who will be happy to help you.
Step 1 Enquiry – Our insurance advisors will gain a deep understanding of your situation and needs on insurances
Step 2 Initial plan – Our insurance advisors will research relevant insurance products according to your needs, and provide an initial insurance plan. The initial plan generally includes pre-application documents, a report of insurance products details and explanation, as well as comparison among various products. Based on the feedback, we will further adjust the plan to meet your needs and budget.
Step 3 Prepare the documents – Personal information and insurance related information, such as smoking status, health status, GP information and other product specific information depending on the insurance being purchased (for example, purchasing house insurance requires specific house information); Proof of identity (ex: passport) ; Proof of address (ex: utility bills, bank statements for the last 3 months showing address, etc.) ; Proof of income and expenditure (bank statements for the last 3 months).
Step 4 Complete the purchase – The insurance company might require a third-party physical examination for the client(s) based on the personal health information provided. If a physical examination is not required, your insurance will take effect after the payment. If a physical examination is required, the final quotation will be given after receiving the physical examination results. The insurance will take effect after purchase
Legals：Ocean Tide Wealth Limited is an Appointed Representative of Connect IFA Ltd 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 927744. Registered Address: Tallis House, 2 Tallis St, Blackfriars, London EC4Y 0AB Company Registration Number: 11910858 Place of Registration: England
Mortgage availability depends upon your circumstances. The Financial Conduct Authority does not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. Not all services we offer are regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up repayments on your mortgage. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
Fees for advice: 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 between £500 to 1.5% of the loan amount.
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.
Contact us:
0775 4123 380 info.oceantide@gmail.com
Address: Tallis House, 2 Tallis St, Blackfriars, London EC4Y 0AB
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