Protecting you and your family from whatever life throws at you can be more difficult than it may first appear. With so many products and plans all with different definitions and types of cover provided it’s very easy to pay out premiums and the cover not being sufficient for what you need. This is why our advice and recommendations on a bespoke protection package based on your needs is so valuable. We will discuss with you your needs, concerns and aspirations and will build you a custom solution from a market leading selection of providers. We are able to recommend some of the leading protection providers available ensuring not only the highest quality of cover but also enabling a good cost fit alongside. Areas of protection we offer advice and recommendation on are life cover, critical illness, income protection, family income benefit and Accident, sickness and Unemployment covers. For more information on how these types of covers may benefit you, please see the individual pages within the protection menu above.
Term Assurance is the most common type of life insurance. It provides cover for a fixed term set at outset and pays out a lump sum on death of a covered individual on the policy. On a joint policy it usually pays out on the first death and then ceases. The life insurance policy can be a level policy which pays a set amount helping those who are dependent upon you, to ensure they are left financially sound. It could alternatively be on a decreasing basis, most commonly to cover a mortgage that reduces over a term. The decreasing policy is generally cheaper as the amount it pays out reduces as you get older and are more at risk. Life insurances can also pay out an income instead of a lump sum, this is explained in the Family Income Benefit section of this website. We are able to offer life protection from a selection of leading providers meaning this cover is not only cost effective but also allows us to build a policy that suits you.
Life insurance can also be arranged on a whole of life basis, which does not have a defined term, and will cover the insuranced for their whole life, for as long as premiums are maintained. We are able to offer this type of life protection should this be deemed suitable based upon your needs.
Critical Illness Cover
ACritical Illness can strike anyone at any age and can have devestating impacts on not just the person suffering from the illness, but also on all those around and dependent upon them. Critical illnesses are those that are life-changing and the most common ones are Cancer, Heart Attack, Stroke and Multiple Sclerosis. Critical Illness cover will enable on diagnosis of a covered critical illness, a lump sum payment to you to help you avoid financial concerns at a point where there are for more important things to concern yourself with – such as your recovery. Like life assurance, cover can be arranged on a level or decreasing basis and can also be arranged to pay an income. It can be used to cover a mortgage, removing the burdon of finding the payments if suffering a critical illness. Level lump sum covers can also be provided and may be suited to support dependents, obtain access to private medical treatment or make needed home alterations. We work with a selection of market leading protection providers meaning we not only deliver a cost effective solution, but one with the quality that can help give you peace of mind about your financial future should the worst happen.
Income Protection is designed to provide an income when you are unable to work, These plans are usually tailored around your company sick pay should you benefit from this, as you can choose how long you defer receiving the monthly benefit for, depending on how long you will receive sick pay from your employer. It covers things like mental illnesses such as anxiety and depression as well physical impairments that would mean you being signed off and unable to work. The policy would continue paying your allocated benefit amount each month until such time as you are able to return to work, death or the policy term ends. With your income partially protected, you can help to maintain your critical financial commitments such as your mortgage, utility bills and food alongside maintaining your lifestyle costs so you are able to concentrate on getting better. Where you have sick pay from work, we can tailor your policy to payout after this ends meaning you are not overinsured and resulting in a lower premium to you. This type of cover therefore can be particulary cost-effective for those with good sick pay arrangements from their employer. We can help arrange this benefit through a selection of some of the market leading providers meaning not only will your policy be a quality product, but a quality product at a great price.
Family Income Benefit (FIB)
Family Income Benefit is designed to provide an income after the death or critical illness diagnosis of a policy holder. These plans are usually tailored around your personal circumstances and are utilised when dependents would be unable to cope financially without the policy holders’ income. Once a payout has been agreed, the monthly or annual income would continue to be paid until the policy term ends. This generally is a cheaper option than a level life or critical illness policy as the maximum payout reduces each policy year as the remaining term has reduced. With a monthly amount protected, potentially and subject to the amount of cover, could help you or your dependents to meet your critical financial commitments such as your mortgage, utility bills and food alongside maintaining your lifestyle costs so you are able to retain as much stability as possible during difficult circumstances. We can arrange this benefit through a selection of some of the market leading providers meaning not only will your policy be a quality product, but a quality product at a great price.
Accident Sickness & Redundancy
This type of plan, is an alternative to long term income protection where it would cover a proportion of your income but for only a fixed period of up to 24 months. This type of cover is also utilised where an income protection may not be available. The policy has the ability to pay out a set monthly sum. As these policies are considered less of a risk for the insurer, due to the short payout period, an accident, sickness and unemployment plan could potentially be allowed, where an existing medical condition would prevent full income protection being permitted, ensuring you still have options to help protect yourself against any additional medical issues that stop you from being able to work. With part of your income protected for upto 24 months you can help towards maintaining your critical financial commitments such as your mortgage, utility bills and food alongside maintaining your lifestyle costs so you are able to concentrate on getting better. We can arrange this benefit through Paymentshield meaning not only will your policy be a quality product, but a quality product at a great price.
Redundancy cover would cover a proportion of your income for only a fixed period of up to 12 months in the event of the policy holder being made compulsory redundant or having to cease self employment through no fault of their own. This enables you to benefit from a monthly income should somebody else make an adverse decision on your employment influencing your financial wellbeing. This allows you time to search for the right job as opposed to having to take any job to ensure you and your family’s survival. This will help cover your critical commitments such as your mortgage, utility bills and food so you are able to concentrate on obtaining the best next role for you. We can help arrange this benefit through Paymentshield meaning not only will your policy be a quality product, but a quality product at a great price. This product is available on it’s own but can also be combined with an accident and sickness plan meaning we can help find the right solution for you.
Home & Contents Insurance
The most common form of insurance we offer, put simply your building being insured is a mandatory requirement of your mortgage lender as this protects their security. Buildings insurance protects the structural framework of your home against the main perils such as Fire, Flood or its involvement in an accident. Many plans are set up on what is known as a guarenteed rebuild meaning your greatest asset would be rebuilt should the worst happen.
Contents cover is designed to protect your personal possessions brought into the home from the same perils as home insurance alongside the addition of theft. There are also options available to protect your possession away from the home or to protect against accidental damage should this be required. These plans are for 12 months, and require renewing however, we will always contact you to ensure you remain on the right product to meet your needs at a competitive price. There are some considerations to ensure your bespoke plan is as you need which will involve decisions around the size of excess payable in the event of a claim, alongside any specified high value items that may require additional underwriting both of which could influence your premium. You will receive discounts based upon the number of years you have held a policy previously without claiming. We help to arrange home and contents cover from a selection of some of the leading providers via the Paymentshield panel, meaning this cover is not only high quality but will be at a competitive price.
Landlord insurance is similar to home and contents insurance, but designed to cover a landlord’s buy to let property from fire, flood and other major perils. Typically a landlord will not have many possessions and furnishings within the property, but freestanding appliances and carpets would be a consideration to ensure you are not left financially out of pocket from an investment in which you are ideally looking to take an income. Premiums tend to be of a higher nature than residential home insurance based purely on the risk factors of letting to an external individual, and the potential delay in reporting problems. There are optional benefits of covering unpaid rent and legal costs of evicting any problem tenants available on many of these plans. We can help landlords arrange building and contents insurance from a selection of leading providers meaning this cover is not only cost effective but also allows us to arrange a policy that suits your needs.