Protection
Life Insurance & Family Protection
Life Insurance is designed to provide a cash lump sum in the event of a premature death. It protects your spouse/partner and children from the potentially devastating financial losses that can occur were anything unfortunate to happen to you. It will ensure your loved ones will remain financially secure to live the life you hope for them.
Choices include a one off lump sum or an ongoing replacement annual income that continues into the future. With increased competition and the fact that we are living longer today, rates have become more competitive and the cost of this benefit has been falling over the years.
For a quotation without obligation or just a conversation about the different options available to you, please give us a call, we would be happy to hear from you.
Remember – it is not about life insurance, it is about providing financial security for your loved ones!
Serious Illness Cover
A serious Illness by its very nature can bring an additional financial burden that can be very difficult to come back from. Loss of income during recuperation and other expenses you will incur during this period are not covered by private health insurance. With worries about our health, adding money concerns into the mix at this difficult time can be avoided.
Serious Illness protection pays a cash lump-sum on diagnosis of a specified illness. While cancer, heart attack and stroke are the reason for the majority of claims, Insurance Providers actually cover more than 60 different conditions.
For a snapshot of just one Insurer’s claims experience during 2022, click the following link. These figures are from just one company, and the standout for me has to be the average age of the claimant – Click Here
Income Protection & Wage Protector
Most of us believe our house is our most valuable asset, when in actual fact it is our Salary. It is your salary that pays the mortgage on that home. Your salary allows you to pay your bills, buy your food, provide for your family needs and everything we have and do. Yet very few of us consider insuring that salary.
Income Protection and Wage Protector are insurance plans covering your earnings. It provides a long term replacement income if you are unable to work following an illness or accident. The premiums are tax deductible, significantly reducing the cost.
If you are self-employed and unable to work, your earnings will cease and you are not automatically entitled to any State benefits. If you are an Employee, have you ever questioned how long your Employer will continue to pay you a salary if you are unable to work? If these or similar questions make you uncomfortable, you should certainly consider some form of Income Insurance to protect your earnings and ultimately protect your home and lifestyle.
An important question – if your salary stopped today and you had to pay all of your bills and all of your lifestyle needs from your savings alone, how long could you do this for? Having Income Protection makes sure you never have to worry about this if you were unable to work.
Mortgage Protection Insurance
When buying a home, a second house or remortgaging, your lender will look for a life insurance policy to cover the mortgage sum. In the event of a premature death, the life cover will clear any outstanding mortgage.
Mortgage protection is the cheapest form of Life Insurance and a must for any mortgage or significant lending. You can organise this yourself with any insurer where the premium is usually cheaper than what your lending company can give you. For a quotation or a conversation about the different choices, we would be happy to help.