What kinds of protection are there?

There are lots of different types of protection insurance. Here’s an overview of the main varieties.

Life Insurance
Pay a monthly premium and your insurer will pay your beneficiaries a tax-free cash lump sum in the event of your death. Generally, you insure yourself to cover a ‘term’ - the period of time for which your beneficiaries would be dependent on you.

Family Income Benefit
Like Life Insurance, you pay a monthly premium but instead of getting a lump sum, your beneficiaries receive a tax-free monthly income if you die. Family Income Benefit is usually cheaper to buy than the equivalent amount of Life Insurance.

Mortgage Life Cover
Mortgage Life Cover is a type of Life Insurance specifically designed to pay off your mortgage if you were to die before you completed the payments. Your policy would be tailored so that it matched the payment details of your mortgage.

Income Protection
Income Protection policies protect you and your family if you are unable to earn. Income Protection covers up to 70% of your gross pay, and pays out if you’re ill, disabled or unemployed and so do not receive an income.

Critical Illness Cover
Critical Illness Cover is a type of insurance that pays you a tax-free cash lump sum if you’re diagnosed with one of the illnesses listed in the policy. You would be free to spend the payment however you wished.

Which is the right policy for you? Call us, we’ll talk you through the options and search the market to find the best cover for you.

Call the experts on:
0800 316 3166

Did you know ?

Most people put their money on the safe bet and spend their money on what's more likely to happen. Who would you back? 100-1, 30-1, 2-1 favourite.

We would lay money on…

  • You have insured your iPad or phone
  • Protected your pet
  • Have home and contents cover

Protected the one thing that pays for all of that?

Protect the money making machine in your house…YOU

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