Protection
Financial Protection Advice
We will run through a full assessment of your financial protection requirements to ensure that, as well as getting you the right mortgage for your needs, you can stay in your property should the worst happen. This includes making sure you are covered in the event of accidental sickness, serious illness or death. Going through a full detailed budget planner together ensures that every recommendation is affordable to you.
Life Insurance
Life cover can provide a lump sum for your family, to be used either for repaying the mortgage or simply providing a lump sum at a difficult time so that your family do not need to worry financially without you around. This can ensure that they are protected financially, with either a lump sum or a monthly income for a specified period of time. There are many different types of life insurance policy, so please get in touch to discuss your most suitable options.
Critical Illness Cover
Like life insurance, critical illness pays out a lump sum or a regular income (Aviva, Legal and General, Zurich, Guardian can pay out on a monthly basis for Critical Illness cover), but in the event of you suffering a specified serious illness, and this illness does not need to be terminal. The proceeds can be used for any purpose that you like but are often used to repay a mortgage or pay for private medical care or modify a home. Some conditions have certain restrictions, for example, they need to have reached a certain level of severity before the insurer will pay out.
Income Protection
Income protection provides you with a monthly figure in the event of your being unable to work due to an accident or sickness. The monthly figure is set by yourself up to a certain maximum level and will continue to be paid until you either return to work, or the plan ends. The plan is designed to supplement your sick pay from work so that you don’t have to worry about paying your bills and other expenses at a time you should be focusing on recovering. Normally the maximum you can insure yourself for is up to 70% of your salary.
Accidental Sickness
This type of plan is similar to an income protection, in that it will give you a regular income in the event of you being unable to work due to accident and sickness. However, this type of policy will generally only pay you the monthly figure for a year before the payments will stop.
GET IN TOUCH
For a no obligation appointment at a time and location to suit you, call us on 01477 668000
