Protection...

Unemployment Cover

 

Life Insurance 

Provides a one-off cash sum (or monthly instalments if family income cover is selected) If you were to die during the cover period. It can be used to:

- Help pay off your mortgage. 

- Provide money to help maintain standards of living for your loved ones.

Note: The product is provided by a selected life assurance company on our panel. When considering the amount of cover you may need, it is worth considering that inflation will reduce the spending power of any money that may be paid out in the future; therefore you should review the amount of cover on a regular basis or consider using increasing cover that could help reduce the impact of inflation upon the amount available if a successful claim is made.

Many homeowners understand the need to maintain the family home in the event of their death. However, most families’ outgoings far exceed their mortgage payments and as such may require significantly more cover.

 

Critical Illness 

Pays out an amount if the person covered is diagnosed as having a critical illness. In the same way that home insurance covers your property, a critical illness policy covers you. It can be used to:

- Help protect your mortgage 

- Help toward the cost of medical treatment 

- Help towards the cost of changes required to your condition e.g. home alterations

With advances in medical technology, more and more people are surviving a critical illness. Critical Illness could help provide cash to allow you to pursue a less stressful lifestyle while you recover from your illness.

 

Note: The product is provided by a selected life assurance company on our panel. When considering the amount of cover you may need, it is worth considering that inflation will reduce the spending power of any money that may be paid out in the future; therefore you should review the amount of cover on a regular basis or consider using increasing cover that could help reduce the impact of inflation upon the amount available if a successful claim is paid.

 

Income Protection 

Provides a regular income if, due to illness or injury, you suffer a loss of earnings during the term. Here are some things you may wish to consider:

- What is the total of your monthly outgoings?

- Can you afford them without your income? 

- Do you have savings? 

- How long would your savings last without your income?

- What if you were out of work for longer than that?

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Note: The product is provided by Aviva Life & Pensions UK Ltd. When considering the amount of cover you may need, it is worth considering that inflation will reduce the spending power of any money that may be paid out in the future; therefore you should review the amount of cover on a regular basis or consider using increasing cover that could help reduce the impact of inflation upon the amount available if a successful claim is made.

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Can you afford to be without it?

Statutory Sick Pay is £94.25 per week (GOV.UK, 2018-2019). Average household expenditure in 2018 was £572.60 per week (Office for National Statistics, March 2018).