Protection
Preparing for the Unexpected
If you’re looking to protect a mortgage, make sure you leave money behind for loved ones, or other areas such as critical illness cover we have got it covered.
We’ll design a tailor made solution that fits in with your objectives and comes in at a budget that’s affordable.
To find out more about how each cover can help protect you and your family’s future, take a look at the below common questions.
What protection do you need?
What is it?
Term Life Insurance is the simplest and most affordable way to provide financial protection for your family. It covers you for a set period and pays out a lump sum if you die during that time.
Some policies let you add additional coverage, like critical illness, which pays out if you’re diagnosed with a serious condition or if you pass away during the policy term.
Who’s it for?
Term Life Insurance is for those who want financial peace of mind for their family at a low cost. It’s especially helpful if you have children, dependents, a mortgage, or other financial obligations. Our team can help you find a policy that fits your needs.
What is it?
A Critical Illness Plan pays out a lump sum if you’re diagnosed with a specified serious illness. It can be added to a life assurance policy or taken out on its own.
Who’s it for?
This plan is for individuals or families who want financial support if a critical illness occurs. The payout can be used to pay off a mortgage, clear a loan, make home modifications, or ease financial pressures while you take time off work.
Coverage and conditions vary by provider — our team can help you find the best match for your needs.
What is it?
An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work until the end date of the policy (typically your normal retirement age).
This type of plan is quite often seen as the foundation of any financial planning, as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.
Who is it for?
This type of plan is designed for anyone who is working (employed or self-employed). It’s worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months, and so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have. Our specialist team can help you find the one most suitable for your requirements.
Helping to protect the future of your business
Do you depend heavily on the skills and judgments of others within your business? Are these people vital to its effectiveness and profitability? If so, have you considered the financial impact that the death or critical illness of such a key person would have on your business? The impact could be:
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A loss of profit
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An interruption to cash flow
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An inability to make loan repayments
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A change in shareholder control.
In some instances, the financial impact could be so great that the business is unable to continue. Business Protection allows you to put in place cover that would ensure that funds become available, should a key person in your business become critically ill or die.
We can help you with the following protection
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Key person insurance
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Shareholder protection
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Group protection
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Business loan protection
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Relevant life plans
Call us today for a tailored solution for your business needs.
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