Thinking about the consequences should anything happen to the wage-earners is not something any of us want to worry about. However it is important when arranging your mortgage to take the time to protect you and your family should the unthinkable happen. Protect what matters, when it matters!
Put simply, protection products are policies that are arranged to provide you and your family with either a lump sum or a regular income should you become seriously ill, or in the event of your death.
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Protect you and your family should the unthinkable happen.
We understand that everyone’s priorities are different, and that is why we offer a full advice and recommendation service to ensure you get the right protection individual to you, and your families needs.
Life insurance, also known as term insurance or life assurance will provide a sum of money in the event of death during the term of the policy. This cash lump sum is paid tax free and can be used by your dependents however they choose.
Life insurance can be used to cover a mortgage, other loans or to ensure that your family is protected from the effects of having to repay a debt.
A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work.
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 up until the end date of the policy (typically your normal retirement age).
Please be aware the above information is intended to provide a general appreciation of the title topic and it is not advice. Contact us to discuss your options in detail in order for us to make an appropriate recommendation specific to your needs.
Speak to us about your protection needs.
Enquire online or give us a call on 01772 929917
