“Its very easy to overlook the importance of protecting your mortgage against lifes’ unforeseen circumstances …
not so easy for the people we leave behind.”
Life insurance | Various Options
Critical Illness Cover (CIC)
Income Protection
Life Insurance
“Provide your family the financial safety-net should the worst happen.
There are a number of options available, let us help you have the right cover in place.”
Level Term Assurance
This type of life insurance covers you for a constant level of life cover for a fixed premium throughout the term of the plan. It pays out a lump sum to your loved ones if you die during the term of the policy.
Decreasing Term Assurance
(Otherwise known as mortgage protection insurance) This provides protection of the mortgage loan over the term of the mortgage and decreases in line with the repayment of the mortgage. The premiums are fixed at the outset of the policy. This is the cheapest form of life cover and gives you peace of mind that your mortgage is paid off in the event of death during the term.
Family Income Benefit
Rather than paying out a lump sum if you die, a family income benefit provides a regular, tax free, monthly income for your dependants. It provides you with financial security covering regular financial commitments including all your ordinary day to day expenses until a fixed point in the future.
Critical Illness Cover
Critical illness cover is designed to help support you and your family financially while you deal with your diagnosis and treatment so you can focus on your recovery without worrying about how the bills will be paid.
Income Protection
Income protection plans are designed to pay out a monthly income in the event that you are unable to work due to an accident or illness which allows you to focus on your recovery without the need to rush back to work. As state benefits would not be sufficient to maintain your lifestyle, this is the best option to provide protection to cover your mortgage and maintain your day- to-day expenses. This will usually work around your sick pay arrangement with work.
Various Options Critical Illness Cover (CIC) Income Protection