Life Assurance

Quite often we hear ‘it could never happen to me’ or ‘I’ll sort it out later’. The old saying that “failing to plan is planning to fail”

A life assurance policy is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you or your partner dies during the policy term.

Critical illness cover can be added to your assurance policies at outset for an additional cost.

If you do add on critical illness cover, the policy could pay out the lump sum if you or your partner dies or on diagnosis of a specified critical illness during the term of the policy.  It also pays out if you are terminally ill, and you meet the definition, except in the last 12 months of the policy.

Life Assurance is designed for those who want to leave a lump sum in the event of their death within a specified time period.  Term assurance can help protect your family financially in the event of your death and is important if you have young children or dependents.

It can be used to help cover a mortgage, other loan or to help ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away.  This product is not a savings or investment product, and has no cash value unless a valid claim is made.

Our consultants will be happy to discuss your requirements and arrange a suitable policy for you.

Critical Illness Cover

Critical illness cover is designed to pay out a lump sum on death or on the diagnosis of one of the specified critical illnesses during the term of the policy.

This type of cover is designed for individuals or families who are looking to financially protect their family, mortgage or a business with a lump sum if they meet the definition of one of the specified critical illnesses.  This lump sum could be used to help repay a loan, mortgage, or perhaps pay for time off work or medical treatment.

The lump sum could even be used to pay for any necessary alterations to your home.

The critical illnesses covered include heart-attack, cancer and stroke.  However, for further information, contact one of our consultants for further information

Income Protection

Income Protection Benefit provides a monthly benefit should you be unable to work due to incapacity caused by illness or injury resulting in a loss of earnings. This means that the policy continues to pay a monthly benefit as long as you are incapacitated and unable to return to work, suffer a loss of earnings, you die or the policy ends.

This type of policy is designed for anyone who is working, including self employed clients. Your employer is legally obliged to provide sick pay for up to 28 weeks, so you may wish to consider ongoing protection.  An Income Protection Benefit policy can be adapted to fit in with any existing protection you might have.