Protection

Many factors can influence which types of protection are most important to you. We will work with you to recommend the right type and level of cover for you.

Life assurance: The main purpose of a life assurance policy is to provide financial support to a family (or others) if a primary or sole income-earner dies sooner than anticipated. In those circumstances, the proceeds from the policy can be used to provide income or to pay off a mortgage or any other large debts. For the policyholder, the main benefit of establishing a life assurance policy is to provide ‘peace of mind’. Life assurance policies can also help ensure your loved ones receive as much of your estate as possible by mitigating any inheritance tax liability.

Income protection insurance: Although there are different types of income protection policies, the majority of plans are designed to pay out a tax-free income if the policyholder’s income suffers because of an illness, injury, unemployment or redundancy.

Critical Illness: Insurance which is designed to ease the financial pressures that surviving a serious illness can create by paying out a large, tax-free lump sum. Cover can apply for a specified period of time, or for life, premiums can be fixed or increased at the insurance company’s discretion. The range of conditions and diseases covered differs from one insurance company to another, but most policies should cover cancer, coronary artery bypass, heart attack, kidney failure, major organ transplant, multiple sclerosis and strokes.