It is important to have the right protection in place that is tailored to your current financial situation. Insurances are an integral part of financial planning and provide you with peace of mind, should the worst happen, you and your family are comprehensively covered.

Reviewing your current policies regularly can be useful, as changes to individual’s circumstances can impact premiums and offer more comprehensive styles of cover. Insurers can change their criteria and what they cover from time and time and making sure you have the right cover in place is essential.

Income protection, family income benefit and other similar policies can be an useful tool when an individual is unable to work due to illness or an accident. Most policies offer deferment periods, if a claim is successful the monthly payments will start after a given time, which is usually in line with when employers sickness pay stops. This type of policy provides cover against committed expenditure such as mortgage repayments and other essentials.

Critical illness provides cover by way of a lump sum, which is paid to the successful claimant if they unfortunately suffer a specified illness. This is paid during the individuals lifetime and is usually used to cover income and other monetary issues that may be caused from not being able to work due to a serious illness.

Life insurance is one of the most widely used solutions to help families protect their loved ones in the event of loss. Commonly used policies are held as decreasing, increasing and level terms,  dependant on objectives and reason for cover.

Whether you are interested in protecting your business or you want to learn more about protecting what is important to you and your family, please get in touch.