Personal Protection

Take a look at our key personal protection policies and ensure your personally covered

LIFE INSURANCE

Life insurance is designed to provide financial protection for family or dependants in the event of death. Frequently, people take out life insurance to pay off mortgage liabilities but often there are many more financial commitments that need to be taken into consideration when arranging cover, such as personal loans, credit cards and regular household outgoings. Life insurance can be arranged to pay out a lump sum or a regular monthly income and combinations of cover can be arranged on a single policy to cover different events, so can be tailored to suit individual needs.

CRITICAL ILLNESS COVER

Critical Illness cover can provide financial protection for you and your family in the event of suffering one of a number, of defined critical illnesses such as cancer, heart attack or stroke, which are the three most common claims conditions for critical illness. Cover can be arranged to provide a lump sum benefit or a regular monthly income.

WHOLE OF LIFE COVER

Most people take out term assurance to cover liabilities for a defined period but Whole of Life cover can be arranged to offer the same kind of protection without being determined by specific future dates, so as liabilities diminish the cover remains in place. Whole of Life cover may also come into consideration should you want to be certain in leaving children or grandchildren a legacy.

 

OVER 50’S LIFE INSURANCE

Over 50’s life insurance differs from Whole of Life insurance in the fact that it doesn’t require any medical underwriting, so cover is guaranteed. However, the cover has a ‘survival’ period, meaning the life assured must live for a defined period following the start date of the policy before the full sum assured becomes payable. Benefit levels are limited by a maximum premium and further defined by smoker status and age at application. Over 50’s Life Cover offers a very quick way to incept life insurance for ‘smaller’ sums assured, to cover things such as funeral costs or leaving a small legacy to family.

INCOME PROTECTION

Income protection is probably one of the most overlooked of insurance products but it can provide a long term monthly income should you be unable to work due to illness or injury. It can offer both the employed and self-employed the certainty of a continued income to help protect their lifestyle, family and savings in the event of incapacity to work. Policies can be arranged to pay benefits for periods of up to 24 months per claim, a specified number of years or until retirement age.

ACCIDENT, SICKNESS & UNEMPLOYMENT COVER

Accident, sickness and unemployment cover (ASU) is a short-term form of income protection, usually with maximum benefit periods of 12 or 24 months. Policies can be arranged to cover accident & sickness or standalone unemployment or combined accident, sickness & unemployment. Plans can be linked to cover mortgage payments, a percentage of income or can be to any chosen benefit level within providers’ limits, without need for proof of financial commitment or income.

Policy Providers