Recommend me an Independent Financial Advisor in Belfast/North Down please

Mars7

Hi


I am considering getting critical illness cover and was wondering about the merits of using an IFA. I have done some research online into the different products and just wondering about why you need an IFA as opposed to just using one of the price comparison tools.


I was also hoping that MSE forumites could recommend an IFA that they have used in the past in Belfast/North Down area.


Many thanks in advance

D.A.

Norman Smyth, S&S Mortgage Services in Carryduff.

Andrew_G

Halliday Financial, 32 Hamilton Road in Bangor - highly recommended.

rolo1_2

If you know exactly what cover you need -cut out the middle man and do it yourself online, it will be the same product after all.

Mars7

Thanks for all the recommendations. I was thinking of going it alone as I am quite clear about what I need. Then I read reports saying you should use an IFA for these types of cover. I am not sure if it is scare tactic or not so I was going to do some more research into IFAs before going it alone. Thanks again

stephenni1971

Mars7 wrote: »

Thanks for all the recommendations. I was thinking of going it alone as I am quite clear about what I need. Then I read reports saying you should use an IFA for these types of cover. I am not sure if it is scare tactic or not so I was going to do some more research into IFAs before going it alone. Thanks again

Quite clear about what you need in terms of sum assured and term, or with a policy that suits you best?

Buy on illness covered and it's for most its Pru every time - 150+ conditions - but many are incredibly rare and unlikely and they also operate a graduated payout system dependent on severity of the illness.

Buy on price and there ae one or two standouts - but the reduced price comes with restrictions to cover and some illnesses excluded.

Look at ABI+ definitions within the policy to see if they exceed the criteria set by the Association of British Insureres.

Some providers also offer partial payouts for less severe illnesses that others would not cover at all.

CIC is a bloody minefield - advice is no bad thing if you need it.