Life Assurance Cover

Life insurance pays out a cash lump sum if you die within the term of the policy. Cover is usually on a level or decreasing basis. With level term the amount of cover remains the same throughout the policy.With decreasing term, the amount of cover reduces over the term of the policy.

Critical Illness Cover

Critical illness insurance, otherwise known as critical illness cover or a serious illness policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy . This insurance can provide financial protection to the policyholder or their dependents on the repayment of a mortgage due to the policyholder contracting a critical illness condition or on the death of the policyholder. In this type of product, some insurers may choose to structure the product to repay a portion of the outstanding mortgage debt on the contracting of a critical illness, whilst the full outstanding mortgage debt would be repaid on the death of the policyholder. Alternatively, the full sum assured may be paid on diagnosis of the critical illness, but then no further payment is made on death, effectively making the critical illness payment an 'accelerated death payment'.

Family Income Benefit

Family Income Benefit is a life insurance policy that pays an income to dependants on the death of the insured. The income is payable for the remainder of the policy term. These policies are suitable for people with young families who wish to protect against the loss of income provided by either or both parents.

Whole of Life Cover

 'Whole Life Insurance Policy' A life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured.

Over 50' Life Cover

An over 50s policy is a whole-of-life insurance policy designed to leave your loved ones with a tax free lump sum in the event of your death. This lump sum could be used to pay for funeral costs, household bills or simply as a financial gift for your family.

Income Protection Cover

Income protection insurance is a long-term insurance policy to help you if you can’t work because you’re ill or injured.

  • It replaces part of your income if you can’t work because you become ill or disabled.
  • It pays out until you can start working again, or until you retire, die or the end of the policy term - whichever is sooner.
  • There’s a waiting period before the payments start. You generally set payments to start after your sick pay ends, or after any other insurance stops covering you. The longer you wait, the lower the monthly payments.
  • It covers most illnesses that leave you unable to work, either in the short or long term (depending on the type of policy and its definition of incapacity).
  • You can claim as many times as you need to, while the policy lasts.

Short Term Income Protection

Short-Term Income Protection Insurance is not intended to cover specific payments (such as loans or a mortgage). It gives you an income which you can use for any purpose if you are unable to earn because you have an accident, or become sick or unemployedbut will limit payouts to a 12 or 24 month period.  It's designed to pay you an agreed monthly amount during a short period (usually 12 months) when you can't work because of an accident, sickness or redundancy. When you make a claim you have to wait a set number of days before you start to receive a monthly payment.

Payment Protection Insurance

also known as accident, sickness & unemployment cover

Payment protection insurance (PPI), is designed to help you keep up with a mortgage, loan or credit repayment if you’re unable to work because you’re ill, had an accident or made redundant.

Most people use PPI to cover financial commitments such as their mortgage, credit card payments or loan repayments. Making sure you’re able to cover these debts will help keep you out of debt if you do find yourself unable to work. Policies can be tailored to suit individual requirements e,g. accident, sickness and/or unemployment, as with short term income protection if you claim you will have to wait a set number of days before you start to receive a monthly payment.