Supporting You Through Life's Challenges
Insurance products designed to protect your family when they need it most.
In the unfortunate event of a critical illness or death, life comes to a halt for the whole family— but not for the rest of the world. These products can help cover essential expenses and costs while your loved ones adapt to life after a tragedy.
Be Prepared for Life's Challenges
We all know the importance of savings for unforeseen events. Still, life can surprise us when we least expect it. We offer a diverse range of products that can be tailored to fit different life stages and situations. Whether you are just starting your family or coming close to your golden years, we’ve got a plan for you.
Some of Our Trusted Insurance Providers:
Types of family protection insurance
Life Insurance
Products designed to accommodate a variety of needs and circumstances. Life insurance ensures your loved ones receive a tax-free lump sum in the event of your passing. This benefit can be used to cover expenses such as mortgage payments, inheritance taxes, household bills, and debts during difficult times when a major change in life occurs.
Term Assurance (level)
This policy pays out a predetermined fixed benefit upon the policyholder's death or terminal illness within the specified policy term.
Term Assurance (increasing)
This policy pays out an increasing benefit, either at a set percentage or indexed to a recognized index, in case of terminal illness or death during the coverage period.
Whole of Life (level or increasing)
This policy guarantees a fixed or rising payout upon the insured's death.
Guaranteed 50-Plus Life plan
This policy is designed for individuals over 50 years of age, regardless of their health condition, featuring an initial waiting period for claims of 1 to 2 years.
Mortgage Protection
In case of serious illness, disability, or death.
This type of insurance can help pay your mortgage and keep your home. It is designed to provide financial assistance to homeowners in case it is difficult or no longer possible to keep up with mortgage payments, but it can also contribute towards costs associated with the sale of a home. This type of insurance is especially relevant to single-income households, as it can ensure that their family doesn’t lose their home in the event the provider passes. Mortgage protection can also be combined with other forms of insurance to provide more exhaustive coverage.
Critical Illness and Serious Illness Cover
If you are diagnosed with a critical illness, this type of insurance can help ease the financial burden, allowing you to focus on your health. It provides a lump sum benefit upon diagnosis of certain critical illnesses, such as cancer, heart attack, or stroke.
This benefit can be used to cover expenses like lost income, hospital costs, and medicines. Additionally, it can contribute towards other indirectly related expenses like travel costs and mortgage payments. The more comprehensive plans can also cover expenses like home modifications and in-home care.
Family Income Benefit
In the case of your death, this type of insurance will pay a monthly benefit to your dependents or designated beneficiaries for the duration of your coverage term. It can help ensure that your family can keep up with daily expenses and payments without needing to change their lifestyle. This type of insurance can be tailored to match different necessities and combined with other forms of insurance to provide more exhaustive coverage.
Income Protection
This product covers a portion of your income in case of an unfortunate event like injury or illness that prevents you from carrying on with your regular work. It pays out a monthly benefit that can help cover bills, mortgages, and other essential expenses. Income Protection Insurance can be tailored to fit specific needs and can be combined with other types of insurance for more comprehensive coverage.
FAMILY PROTECTION FAQs
Insurance brokers simplify the process of acquiring protection insurance by diminishing associated stress.
Because we are an independent company, we prioritize your preferences and interests. Additionally, our services are entirely free of charge. Our team will listen attentively to your requirements and comb through various insurance providers to find the most suitable matches. We’ll support you by providing ongoing assistance and advice so that you never feel lost during the process.
The type of life insurance that is most appropriate for you depends on many variables related to your situation.
For example, if you are a young adult without children and a mortgage, income protection insurance or critical illness coverage may be the most suitable options for you. On the other hand, if you have dependents and a mortgage, mortgage protection or family income benefit could be the ideal alternative.
If you are unsure about which option is best, reach out to us. We’ll offer you guidance and valuable insights, so you can make an informed decision.
Contacting us directly is the most effective approach to determining your life insurance cost. Expenses related to life insurance can vary significantly, ranging from under £10 a month for a healthy 25-year-old to over £100 a month for a 60-year-old smoker.
Some reliable and straightforward methods for reducing life insurance expenses are:
* Obtaining coverage at a young age
* Maintaining a healthy lifestyle
* Abstaining from smoking
We recommend contacting us to explore options based on your situation.
Medical conditions would often prevent individuals from obtaining life insurance in the past, but this is no longer the case. The extent to which certain conditions can impact your premiums will vary. For example, a severe heart condition will have a greater impact on an individual’s life insurance than a minor, well-controlled one.
A single policy involves only one policyholder. The funds will be distributed to the designated beneficiaries in the event of their passing.
A joint policy is designed for two policyholders—typically a married couple. If either of the policyholders passes away, the lump sum is paid out to the beneficiaries. However, the policy will only pay out once, even if one of the policyholders is still alive. Due to its nature, a joint policy can be more cost-effective than two separate single policies.
The main benefit of level term cover is that you are always aware of the precise premium cost and the exact amount your loved ones will receive. This is because the amount of coverage remains constant throughout the duration of the policy, whether the payout occurs within a week or a decade. The drawbacks include the potential for more expensive premiums and the fact that no payout will be made if you outlive the policy term.
On the other hand, decreasing term cover involves a gradually diminishing payout over time. For example, if you have a £300,000 mortgage and obtain £300,000 of decreasing term life insurance over a 30-year term, the payout amount will decline as the value of the mortgage decreases. This type of policy tends to be more cost-effective than level term cover and provides a sense of security that the mortgage is protected. However, the disadvantages are that the payout amount diminishes over time, and the coverage is limited to the mortgage, with no additional benefits.
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