Protection

Life Assurance

Provide money for people who depend on you should the worst happen

How would your family cope in the event of your death?

Life Assurance provides your spouse and/or children will get a lump sum on your death.

You may already have life assurance if you have a mortgage, but it is a good idea to check that the life insurance will cover your current mortgage if you have changed it or increased it.

If you are not in a company death in service scheme or are self employed, or in business, and have dependants, then it is essential that you have your life assurance checked to see if it is adequate.

Keyman cover and Company share holder protection schemes may be vital to ensure an organisation can be effectively run in the event of a key persons or owners death.

 

Critical Illness Protection

Receive a cash lump sum if you become critically ill

In the United Kingdom, 1 in 5 men and 1 in 6 women will experience a critical illness before their normal retirement age.

If you are you concerned how you and your family would cope, if you were to experience a critical illness.  Critical illness cover will provide a lump sum payment (currently free of tax) on diagnosis of one of a specified range of critical illnesses or medical conditions. This lump sum can pay for lifestyle adjustments, repaying of a mortgage, medical treatment or for any other purpose.

The range of conditions covered by modern policies include all the major critical illness such as cancer, heart attack, stroke, permanent disability but also such things as permanent deafness, permanent loss of speech, Parkinson’s, MS and MND. It is of vital importance that any “exclusions” connected with this type of insurance plan be fully understood.

Income Protection

Provide for you and your family if you are unable to work due to illness.

The most devastating thing that can happen to most people during their working life is to become ill or disabled and be forced to live on State Benefits. Sorry if that sounds like it is being overly dramatic, but it is the truth.

What will happen if you become too ill to work? Will you be able to keep up the mortgage payments?  How long will your savings last? How long will your employer pay you for? What State Benefits will you get?

Many employee benefit schemes include some Permanent Health Insurance as part of their benefits. We will be able to calculate how much cover this offers you if you provide us with your scheme handbook.

If you are self-employed or your employer does not provide income protection, then you may need to provide your own.

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