Protection

"If you are financially responsible for your loved ones, have you thought how they would manage if you were to suffer an incapacitating illness, or even die? There are a range of policies which could protect your family and give you the peace of mind that they will be looked after"

The following is an explanation of the plans we have available. We will always take the time to understand your needs and advise you as to the ideal selection in your circumstances.

Life insurance

Life assurance to cover your mortgage and more should be considered. This gives your family the security that they will remain in their home and have a financial cushion at a very difficult time.



You may have cover through your employer called "death in service". This is often a multiple of your salary. 



We would consider the cover you already have from your employer and existing policies, and if further cover is needed we would research the best provider and plan for your individual needs.



The basic type of plan is called Term Assurance. This gives you a set level of cover for a specific period of time, with premiums known when the plan is set up. You can take cover which remains level for the policy term, or Decreasing Term Assurance which is designed to pay off the remaining sum owed on a repayment mortgage during its term.

Whole-of-life insurance

As per its name, a whole of life policy pays out whenever you die and has no end date. If written in trust, these types of plan are often used to cover future inheritance tax liabilities. These policies come in varying forms which can be geared to suit your individual circumstances.

Family income benefit

These plans are similar to term assurance plans, but instead of paying out a lump sum on death they would pay an income for the remaining term of the policy. These are often set up to a person’s retirement age, or to a date when the youngest child reaches 18-21 years of age.

Income protection

Looking at your overall financial picture, your income is often your biggest life-long financial asset. If you are reliant on your own ability to earn money, then a long term illness or disability could be devastating to you and your family. Income protection plans pay an income whilst you are still alive, dependant on the claim definitions of the plan taken.



Income protection or permanent health insurance (PHI) can be set up to provide an income right up to your retirement date. The income could remain at the same level, or increase before and after you claim to keep your income in line with inflation. 

When you set up the policy, you can choose at what age you wish the income would stop should you make a claim. Income would continue until that age, or return to work if sooner.

Policies can cover your own occupation, or any occupation. Own occupation would continue to pay until you are able to return to your own profession. Any occupation would only pay out if you are unable to do any kind of work. If you took an own occupation policy, the premiums would be higher for the same level of cover.

With these plans there is often compromise to make the plan affordable whilst still taking a meaningful amount of cover. Your adviser can recommend the provider and the right balance of cover and premium for you.

Critical illness Cover