Protection

Life Assurance

Nobody wants to imagine the loss of a spouse or partner, but the reality is that we need to prepare financially for the worst case scenario so that our loved ones and dependents are secure. This can be in the form of a lump sum payment or a regular income.

 

Serious Illness Cover

Typically these plans would cover circa 50/60 different illnesses. Should the policy holder get diagnosed with one of these illnesses then the life company will pay out a lump sum amount. This can be used to help with medical expenses or to give some financial breathing space during a recovery.

 

Income Protection

If you are self employed or not covered for long term absenteeism /sickness from your employer then this is a benefit you may need to consider.  The purpose of the cover is to make sure that you have adequate finance to support yourself or your family during periods when you are unable to work due to sickness/illness.

 

Mortgage Protection

Another form of Life cover.  Your first real need will be to have this established so that you can finally draw down your new mortgage and get that house you've been after. Once you are settled in your new home, this plan will become an essential part of protecting your family or estate financially.  Should the worst happen, and either you, your spouse or partner pass away, the lump sum payout from your protection plan will be used to clear off any outstanding mortgage remaining on your property.  The aim here is to avoid leaving a financial burden on loved ones who are already trying to adapt to their loss.