Protection
Protect yourself & your family
life Assurance
People don’t usually realise the implications of death or a critical illness. That’s why life insurance & critical illness policies are designed to help you and your family in the event of this. Life Insurance & Critical Illness pays out a lump sum if you were to die of or be diagnosed with a specified critical illness during the term of your policy.
Many people at all stages of life can benefit from the peace of mind of having either life insurance or critical illness cover. Our advisors will help you work out how much cover you would need to fit your circumstances. In the event of death, it is also a possibility that you may want to leave your family or loved ones money that will cover expenses such as the mortgage or university fees which would have been benefited from the use of your income
Income Protection
An Income Protection Policy is designed to protect your income if you are unable to work as a result of disability or ill health. Unlike an ASU policy which typically has maximum term of 12 to 24 months, an Income Protection policy can have a significantly longer term, and typically upon a successful claim, would pay out a monthly tax-free income after your chosen deferred period until you either recover or reach your selected retirement age.
The maximum cover you can have is typically between 50-60% of your gross income, however, as the benefit is paid tax free, you can replace a high percentage of your income in the event of long term incapacity. Some of the most common conditions covered by income protection insurance are mental illnesses such as anxiety, stress or depression & back pain. Payment protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income.
Critical illness cover
People don’t usually realise the implications of death or a critical illness. That’s why life insurance & critical illness policies are designed to help you and your family in the event of this. Life Insurance & Critical Illness pays out a lump sum if you were to die of or be diagnosed with a specified critical illness during the term of your policy.
Many people at all stages of life can benefit from the peace of mind of having either life insurance or critical illness cover. Our advisors will help you work out how much cover you would need to fit your circumstances. In the event of death, it is also a possibility that you may want to leave your family or loved ones money that will cover expenses such as the mortgage or university fees which would have been benefited from the use of your income.
Accident, sickness and unemployment cover
What would you do if you suddenly couldn’t pay your mortgage or monthly bills due to being unable to work? Accident, Sickness & Redundancy is a policy which is designed to help cover you should you sick, have an accident or become redundant.
Most policies of this type will pay out a monthly benefit after an initial waiting period and will pay out for up to 12 or 24 months or when you return to work usually whichever happens first depending on the terms of your policy.
You can either arrange just Accident & Sickness cover to keep monthly premiums lower or just Unemployment cover which certain companies offer. Please ask us for details and we will be able to search for a quote. Payment protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk.