Protect your families future...
Personal and Family Protection
Should the worst happen make sure your family, income and home are protected. With so many options out there, how do you know what protection you need?
You’ll want to know that you and your family are protected whatever life throws at you. Equally it’s important that you understand all of the options available and we will help you select the right option.
Life Insurance
Life insurance (sometimes known as life assurance) will pay out either a single lump sum (sum insured) or a regular income when you die. It can help provide financial security for people who depend on you, if the worst happens.
Serious & Critical Illness Insurance
Serious illness and critical illness insurance plans pay out a tax-free lump sum on the diagnosis of a range of specified serious (but not fatal) conditions. These conditions include things like heart attack, stroke, cancer, major organ transplants and many others.
Income Protection Insurance
Income protection insurance pays out a regular tax-free income if you become unable to work because of illness, or injury. It could help you keep up with your mortgage repayments or rent, and other day-to-day living costs until you are able to return to work.
Buildings Insurance
Buildings insurance covers the building itself against damage caused by events such as fire or flood. In addition to the bricks and mortar, it will also cover permanent and fitted fixtures, internal and external fittings, as well as any outbuildings that form part of your home (for example a shed or garage). If you own your own home, it is essential to take out buildings insurance. In fact, when taking out a mortgage your lender is likely to insist on buildings insurance as a condition of your mortgage offer.
Contents Insurance
Contents insurance protects your household goods and personal possessions, such as electrical goods, jewellery, clothes and furniture. You can usually add various options to your contents insurance that will provide additional cover, including accidental damage cover and cover for possessions outside of the home. Some insurers will have these cover options as standard.
Common FAQs
Not always, it all depends on your age, amount of cover and general health. The insurers may require further evidence which can be completed by your GP.
Insurers will look at a number of different things before offering cover. Every provider is different, which is why it is best to speak with us so we can help choose the right insurer for your circumstances. Some of the areas they look at will be age, occupation, smoker status and dangerous hobbies or pastimes.
You should always ensure the amount of cover will allow a full rebuild of your house. Some insurers go further with a term “unlimited cover” which will cover the cost of rebuild regardless of whether your home has increased in value.
In general, it's not compulsory for you to have life insurance in place when you take out a mortgage.
We would always recommend you consider taking out a life insurance policy to ensure that your loved ones are protected should the worst happen.
A critical illness is not necessarily a life threatening condition, but in most cases life changing. Each insurer has a list of different definitions, so it's always best to check. We'll be more than happy to help you find the right cover.
Generally, the higher the excess the lower the cost of cover.
Are you looking for a different question? Check out our FAQ page here.