- Worried about what will happen to your family’s finances should you have a serious illness, or suddenly die?
- Want to make sure that your family will be looked after properly should either of these things happen?
There is a range of insurance products available and it can be difficult to decide which cover is most appropriate for you.
If you are the sole breadwinner and you have dependants wouldn’t you like to know that should the unfortunate happen, your family is looked after?
Or even if you both earn money, will there be enough to cover your bills should one of you die?
Life insurance pays out a lump sum or regular income on death. This gives you peace of mind that should you die, there is money to cover your mortgage for example.
Critical Illness Insurance
Imagine if you had a critical illness, such as a stroke which made it impossible for you to go back to work, but you still have financial obligations.
Critical illness cover pays out a tax-free lump sum if you are diagnosed with a specified illness or medical condition during the term of the policy.
However, there is a whole range of products which have different levels of cover. Some don’t cover certain cancers, or the severity of the illness may affect whether or not you get money.
We can help guide you through the best option for you and your family.
Income Protection Insurance
This used to be called PHI (Permanent Health Insurance). It provides financial support should you be taken ill and can’t go back to work immediately. The amount you get is usually calculated on a percentage of your earnings and there is usually a time delay for when the insurance starts paying out.
We can help guide you through the best option for you.
There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
Mortgage payment protection insurance
For most people, their mortgage is the biggest financial commitment they have and would still need to be paid after death. It’s worth considering this insurance if you are the sole breadwinner or your family would struggle to pay the mortgage should you die.
This insurance pays out to cover the cost of your mortgage should you die during the term of the policy
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
Death Benefit insurance
It’s essential that you take out the most appropriate level of insurance. Our advisers will help you protect those you care for and your life and well-being.
Having recently met with Nick on several occasions, both myself and my partner cannot praise Nick highly enough for the friendly, professional and simple-to-understand advice he gave us on our financial matters, including pensions, critical illness cover, and long-term health insurance.
I would have every confidence in recommending Nick to anyone in need of financial advice.
Other products designed to protect you from loss of income are available. For impartial information visit: www.moneyadviceservice.org.uk