Thinking about the consequences should anything happen to the main breadwinner isn’t something any of us want to contemplate. However it is important  to take the time to protect you and your family should the unthinkable happen.

Put simply protection products are policies that are arranged to provide you and your family with either a lump sum or a regular income should you become seriously ill, lose your job, or in the event of your death.

Speak to one of our Estate Practitioners Today for fee advice.

Income Protection

An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).

Life Insurance

Life insurance, also known as term insurance or life assurance will provide a sum of money in the event of death during the term of the policy.

This cash lump sum is paid tax free and can be used by your dependants however they choose.
Life insurance can be used to cover a mortgage, other loans or to ensure that your family is protected.

Critical Illness Cover

A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work.

Family Income Benefit

Family Income Benefit is a life insurance policy which is set for a period of time known as the term. If you die within this period the policy will pay out a regular tax free income until the end of the term. For example if you have a 20 year policy and die within 5 years the policy will pay out the remaining 15 years.

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