Protection
The unexpected can happen more often than we think in life and have a dramatic impact on everyone involved. It could be an accident that leaves you with bone fractures, a sudden illness that is debilitating enough to prevent you form working or in the worst-case scenario, death itself. That’s why it’s important to take out insurance policies to protect what matters most and help secure a financial future for you and your family before it’s too late causing financial difficulty. We will guide you to the right product that meets your specific needs, so you’re covered regardless of what comes your way.
Life cover
This type of cover would pay out a lump sum amount upon the death of the policyholder or when they have been diagnosed with a terminal illness. It can be setup on different terms, based on the specific need such as a decreasing term policy which is usually arranged to protect the loan balance of a capital-repayment mortgage.
A level term policy may be setup to either protect the loan balance of an interest-only mortgage or it could be arranged to leave behind a lump sum for dependants when they need it most.
Critical illness cover
This type of cover would pay out a lump sum on the diagnosis of a critical / serious illness based on the definitions of the insurance provider. It can be setup on different terms, based on the specific need such as a decreasing term policy which is usually arranged to protect the loan balance of a capital-repayment mortgage.
A level term policy may be setup to either protect the loan balance of an interest-only mortgage or it could be arranged to pay you a lump sum when you need it the most be it to pay for treatments, take long periods off work or even to pay for adjustments required to live more comfortably.
Income protection
This type of cover would pay out a monthly income when you are not fit to work and no longer entitled to sick pay. The amount you receive can be tailored to your specific needs and is usually a percentage of your gross annual income.
Although you don’t receive a lump sum payment like the other types of cover, it does allow for you to carry on paying for essential living costs each month, which would help you from experiencing financial difficulties.