Just like car insurance, protection should always be considered before you need it.
How would your dependents cope financially if you weren’t around to provide for them? How would your lifestyle suffer if you became ill and couldn’t work or provide an income? We can discuss three types of cover with you, one to protect your income, one to protect you if you were to become critically ill, and one to protect your family.
Policies are always cheapest when you are young, fit & healthy so the sooner you put a policy in place, the better.
Income Protection provides a regular tax-free income for policyholders if they are unable to work due to accident or sickness. It is available to both the employed and the self-employed.
Once the benefits have started, they will continue until the policy expires, or the insured person returns to work or dies. Usually, the policy will have a fixed term to the standard retirement age.
Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income.
Critical Illness Cover
Critical illness cover pays out a tax-free lump sum to policyholders if, during the term of the policy, they are diagnosed with one of a number of specified ‘critical’ illnesses or conditions, such as: cancer, Parkinson’s disease, multiple sclerosis, paralysis following a heart attack or stroke.
The lump sum can help pay off your mortgage, debts, pay for medical assistance – or you a luxury holiday! It’s up to you how you spend it.
Life insurance policies pay out either a lump sum or a series of payments on death during the ‘term’ of a policy, usually to your dependents. The pay-out can be used to pay off your mortgage, provide an income for your dependents, or fund a savings plan for you children. Life insurance can be arranged for as little as £5 a month and can be completely tailored to your needs.
”Adam's professionalism and knowledge of sorting a mortgage for us really helped knowing what steps we had to go through in a simple broken down set up. I will definitely be using his services again. Thanks Adam