top of page

PROTECTION INSURANCE

Protection insurance can be a lot cheaper than people expect, so we always advise our clients in relationships or who have dependants to consider it. We always ask our clients "What would you do if something happened to your partner, how would you cope?", so the question you need to ask yourself is "Can I afford to live without it?"

DECREASING TERM ASSURANCE

Decreasing term life insurance is a cheaper form of policy that pays out less as time goes on. If you pass away near the beginning of the insurance term, your loved ones will receive more money than if you pass away near the end. Because the sum insured decreases over time, monthly premiums tend to be much lower for decreasing-term life insurance policies. These policies usually run in line with your outstanding mortgage balance.

LEVEL TERM ASSURANCE

Level term life insurance means you pick the size of the pay-out, known as the ‘sum insured’ and an amount of time you’re covered, called the ‘term’.
Level term life insurance covers you for a set sum that remains the same during the term. Both the sum insured and the premiums are always fixed with a standard level term life policy. The price you pay won’t increase with inflation, but then neither will the sum insured - your pay-out.

CRITICAL ILLNESS COVER

The specific conditions covered by a critical illness policy will depend on your insurer and the type of cover you take out, but you can generally expect the same core conditions to be included such as: Heart attacks, Strokes and some types of cancer. Some critical illness policies might cover certain types of conditions, or conditions at a certain level of seriousness – for example, different types or stages of cancer.

INCOME PROTECTION

This is a policy that will pay out if you are unable to work as a result of accident or sickness. Generally Income Protection is a monthly benefit that pays a percentage of your income whilst you are unable to work and is based on your income prior to claim.

​

The term can be anything from 2 to 40 plus years and we can tailor the policy to suit your individual needs.

bottom of page