In an age when we are expected to take care of our own needs, life assurance is a must. Either standalone life insurance or also including critical illness cover, life insurance is a solution to many situations.
Life insurance cover protects your children/spouse by providing an income, clearing your debts and mortgage, and providing money for future needs such as higher education.
Life Assurance is also commonly used to protect the equity value a director or partner builds within their business. This is called Shareholder Protection or Partnership Protection.
Key Man Insurance is similar except that the pay-out goes to the firm, to protect the firm’s interest in the event of the death of a key employee or director.
As the name implies, this insurance pays out should you suffer a critical illness. Young people are three times more likely to suffer a critical illness than they are to die before they reach 65 years of age, according to the giant Continental insurer Swiss Re. These odds are much more in our favour than the National Lottery!
The definitions of a critical illness policy are quite wide. The most common are heart attacks, strokes, and cancers. To get the best critical illness cover for you, speak with our advisers.
As with Life Assurance, pay-outs can be a lump sum or regular income.
This immensely valuable type of insurance cover is less well known than life assurance or critical illness cover.
Should you be unable to work through illness or accident, income protection can provide you with an income, after an agreed deferred period. This income will normally be paid until you recover, retire or die, whichever comes first.
Income Protection can be arranged for groups of employees. Also, executives can be covered through personalised executive income protection.
To speak to one of our advisers about your particular needs please complete the enquiry form on this page. We will be in touch quickly.