How do you choose the right cover?
Don’t worry, we’ll guide you through your options – and help you make the right decision. That’s what we’re here for, to ensure that you not only get covered, but that you understand the most affordable and advisable way to go about achieving your protection goals.
What should I get cover for?
If I die
You could arrange for your family to receive a tax-free lump sum to pay off a mortgage or maybe replace your income.
If I’m too ill to work
A large cash sum paid direct to you could help with healthcare costs. Or choose to cover your income.
Receive a lump sum >
Receive an income >
If I lose my job
Redundancy disrupts family’s finances – but many policies protect against unemployment. Call us to talk through your options.
Call us free on: 0330 058 1105 or arrange a call back
My funeral
At an upsetting time, the cost of a funeral can be stressful. Enquire today and find out how we can help.
How long do you need cover for?
How long your cover should last depends on what it is you want to protect.
To make sure your house is covered you need to match your cover to the term of your mortgage.
You need to cover your kids for however long they’ll be dependent on you financially.
If you’ve planned for your retirement you might want to protect your savings against healthcare costs.
Rest of your daysWant to leave an inheritance for your family? Think about how much they need.
What to think about if you’re…
Individuals
Could you pay all your bills if you weren’t earning? How long would you last without your pay?
Income Protection would certainly be advisable to consider dependent on your personal financial position and potential employee benefits available through work
If you have a mortgage, then critical illness cover to clear this debt in the event of a diagnosis such as cancer, stroke, or a heart attack would also be strongly advisable as a consideration.
If you have dependents, then Life Insurance would provide the peace of mind that in the event of you unexpectedly passing away, that there would be funds in place to financially support your loved ones.Couples
Does your partner depend on your income? Thinking of buying a home? Will you need insurance to cover a mortgage?
Mortgage Protection would ensure that either in the event of death or a critical illness diagnosis such as cancer, stroke or a heart attack, could ensure that your biggest debt could be cleared allowing your family to live mortgage free in the event of such an unfortunate event.
Additionally, if you have dependents, then Life Insurance would provide the peace of mind that in the event of you unexpectedly passing away, that there would be funds in place to financially support your loved ones.Families
Income Protection protects your family from financial hardship if you lose your income. Life Insurance protects them if you die.
If you have dependents, then Family Income Benefit would provide an ongoing annual tax free income providing the peace of mind that in the event of you either unexpectedly passing away or suffering a critical illness, that there would be an ongoing income in place to financially support your loved ones.
Critical illness cover protects both you and your family in the unfortunate event of a critical illness such as cancer, stoke, or a heart attack being suffered, ensuring that there is either a lump sum or an annual income paid out in order to financially secure your family, and/or pay off any debts such as a mortgage.
RetiredMortgage paid? Children left? Think about protecting against the expense of funeral costs? Or covering the costs or inheritance tax?
If you have dependents, then Life Insurance would provide the peace of mind that in the event of you unexpectedly passing away, that there would be funds in place to financially support your loved ones.
If you have no dependents, then Funeral Protection would provide the peace of mind that your loved ones are left with no unnecessary financial burden upon your passing ensuring that there would be funds in place to financially help pay this annually rising expense.
Common questions
What’s the difference between Terminal Illness Cover and Critical Illness Cover?
Terminal Illness Cover is a feature of life insurance that allows for the early payout of Life Insurance – so the ‘Death Benefit’ – as it’s called – is paid out when the policyholder is diagnosed with less than 12 months to live – rather than after they die. (The early payout that Terminal Illness Cover provides may assist policyholders in putting their affairs in order).
Critical Illness Cover is a different type of cover that pays the policyholder if they’re diagnosed with one the illnesses listed in the policy. There are usually up to fifty illnesses specified in a policy and although they’re not necessarily fatal – for example heart attack, blindness or cancer – each would have a significant – critical – impact on the policyholder’s life. A Critical Illness benefit might allow policyholders to buy treatment, pay off a mortgage or make home modifications, for example.
Can I amend my cover?
Any time you like. There are very few penalties for changing cover, and generally all you need to do is cancel a direct debit and start a new application. Be careful, though, because many policies get more expensive the older you are and changes in your health could affect the cover available. We’ll be able to advise the best options for you.
Call us free on 0330 058 1105 (Option 2) to discuss your cover.
Should I cover more than my mortgage?
If you’re financially dependent on your income and need your pay to cover the bills, we recommend Income Protection. If your family would struggle with the bills if you died, you might choose Family Income Benefit. The cover you need depends on your personal circumstances – call us if you’ve any questions at all!
Call us free on 0330 058 1105 (Option 1) to discuss your cover.
Unbiased, no obligation, expert advice.
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