What is Life Insurance?
Life insurance (also known as life assurance) is, as the name
implies, an insurance policy taken out on an individual's life. As
with any other insurance policy, regular premiums are paid by the
policyholder to the insurance company - and should the
policyholder die, then the policy will pay out either a lump sum
or a regular income.
The most obvious reason for a life insurance policy is to
provide financial protection for family and loved ones, should you
die unexpectedly. However, there are a number of different
circumstances in which life insurance is an important factor to
consider, such as protecting your mortgage, your estate or your
business.
What is Critical Illness?
Unlike life insurance which pays out in the event of your
death, critical illness will pay out a lump sum or income should
you be diagnosed with one of the specified critical illnesses.
Read more about the wide range of critical illness claim
conditions by clicking one of the links at the side of the page.
How does Income Protection Work?
Income Protection (also known as Permanent Health Insurance) is
designed to pay you a regular tax free monthly income if you are
unable to work due to illness or injury. The claim will be paid
either until you are well enough to go back to work, or until your
selected retirement age.
Our professional advisers can offer much more detailed advice
on the benefits for individuals considering such a policy. We will
save you time and money by searching the Income Protection
products available within the entire marketplace for you, finding
the most suitable policy for your circumstances.
Do I need Income Protection?
Like most people you probably insure your possessions -
replacing them could be really expensive! You probably also insure
your personal belongings, the contents of your home, your car, and
your house. But what about your most valuable asset?
Our source of income is probably the most important asset that
we possess. Without it, our entire lifestyle is at risk. One of
the biggest threats to our ability to work is our health -
something that most of us take for granted.
Suffering from a long term illness or injury is much more
likely than you might imagine. Currently, 2.2 million people of
working age will be off work for at least 6 months at any one time
through sickness and disability.
Being unable to work could have serious consequences for your
financial security, and therefore Income Protection is one of the
most important insurances and should be a priority.
Our professional advisers will be able to offer further advice,
and search the entire marketplace on your behalf to find you the
best policy to suit your individual circumstances.
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