The fact is, life dishes up many unexpected situations that we must deal with. We all recite the mantra ‘it will never happen to me’ but, the truth is, throughout our lifecycle, we may face issues such as, short- or long-term illness, disability or unemployment.
One event we know will eventually happen to all of us is death. Though we cannot foresee our own demise, we can make sure that those we leave behind are financially secure.
Remember ? protection is not a luxury, it is a prerequisite for you, your family and your business
Products we offer excellent rate on:
Term Assurance
A term assurance policy is an ideal and cost effective way of providing financial security for members of your family on your death.
You decide on the duration and level of the cover and pay a premium, (usually monthly), to your chosen assurance provider. If you die within the period of the contract, the insurance company will pay out as a tax free lump sum the level of life cover.
Family Income Benefit
This type of policy will pay a series of annual lump sums on your death, until the end of the plan term. Its aim is to provide your dependents with a regular tax-free income if you die.
As with term assurance, you decide on the duration and level of the cover and pay a premium to your chosen assurance provider. A family income benefit plan is ideal if you do not wish your dependents to receive all the sum assured in one go.
Mortgage Protection
This type of policy will provide a tax-free lump sum designed to repay the outstanding repayment mortgage debt if you should die during the mortgage term. The lump sum payable on death will decrease in value each year, but will be sufficient to pay off your remaining mortgage.
The policy should match the terms of the mortgage as closely as possible.
Critical Illness
These policies pay out a tax-free lump sum if you are diagnosed as having a terminal illness or one of a range of illnesses or disabilities.
The range of illnesses that are considered critical will vary from provider to provider, so we recommend that you pay particular attention to the key features documents for any critical illness cover, before you apply for the protection.
Links to help your Pension Plans
Did you know:
Cancer: 300,000 people in the UK are diagnosed with cancer each year. (Source www.stroke.org.uk)
Stroke: Stroke is the largest single cause of severe disability in England and Wales with over 300,000 people being affected at any one time. (Source:www.stroke.org.uk)
Heart Disease: This is the biggest killer in the UK. One British adult dies of Heart disease every three minutes. (Source www.bhf.org.uk)
Critical Illness: 1 in 4 men and 1 in 5 women in their 20s and 30s will suffer from cancer, a heart attack or other critical illness before reaching age 65. (Source: OPCS)