Protecting your Family
Protecting you and your family in the event of death or illness should be the bedrock of any financial plan. Benefits paid by the state or your employer may prove to be far too low to give the support you need. Protection cover can be relatively inexpensive and many insurers have actually cut the costs in recent years.
There are many protection options and we can help you to identify which is the most suitable for you within your budget. It is also worth reviewing your existing arrangements to see if they are still suitable for your needs.
Some plans are best written in Trust to ensure that monies are available for the right people at the right time.
Types of plans available:
Income protection
Used to provide a regular income when unable to work, due to illness or injury.
Term insurance
Pay a capital sum on death within a specified period.
Family Income Benefit
Pays a regular income over a specified period. This plan is often used to provide security until the children are financially independent.
Critical Illness
Pays a lump sum in the event of a critical illness to help reduce debts or give you a helping hand at a time when you may not be able to work.
Mortgage Protection
Designed to repay your mortgage in the event of death or critical illness, so your family doesn’t have the worry of having to sell the house or not being able to service the mortgage payments. The sum assured reduces over the mortgage term and so this option is considerably cheaper than ordinary term assurance
Private Medical Insurance (PMI)
Provides you with choice and speedy attention when you need it most. We have an ‘in house’ specialist PMI consultant who helps you establish the best arrangement for you or your business. We can often save you money on existing arrangements you have or find one that is more appropriate to your needs.
If you want to discuss these areas of advice then please give one of our advisers a call on 01924 339 825 or complete the enquiry form at the top of this page.
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