Life & Protection Insurance policies can protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment.
The Value of Protection
If you have a family or people that rely on your income, Protection Insurance should be considered essential to you.
Payment Protection Insurance / Short Term Income Protection Insurance
If you are unable to work following an accident or illness Payment Protection Insurance & Short Term Income Protection Insurance can help towards your regular outgoings such as mortgages and bills. Some firms also offer protection against unemployment as an optional extra.
Knowing that your loved ones are taken care of should something happen to you unexpectedly, can give you great peace of mind. Life Insurance (sometimes known as Life Assurance) helps provide this financial security.
Critical Illness Insurance
Critical illness cover is designed to pay out a tax-free lump sum should you be diagnosed with a serious specified illness or medical condition during the term of the policy, this helps to give you peace of mind that you don’t have to worry about bills whilst you are ill.
If you couldn’t work due to a serious illness or injury, how would you manage? Could you survive on savings, or on sick pay from work? If not, you might want to consider income protection insurance which provides regular tax free payments to help cover monthly bills.
It’s important to plan ahead for your retirement. Here, we explain why pension planning is so important, and describe some of the options available to you. This information is intended only as guidance. For advice on your specific circumstances, please get in touch.