Life Insurance protects your family from financial hardship in the event of your death.
With life insurance, you can choose what happens to your money in the event of your death. You could choose to use it for a wide range of expenses, such as funeral costs or paying off debt. Whatever you choose, it’ll ensure that your family don’t have to worry about their finances for years to come.
Mortgage protection is a type of insurance that pays off your mortgage balance in the event of your death
We encourage that if you are a home owner with a mortgage it is vital that you have this insurance as a minimum. If you die your mortgage debt doesn’t die with you, it is passed onto your family & estate. The amount it pays reduces in line with the outstanding balance on your mortgage to ensure that if the worst was to happen, your family wouldn’t be left with your mortgage debt and would be able to continue living in the property
Critical Illness insurance is a lump sum insurance policy which pays out a one-off payment...
if you are diagnosed with an illness that is covered by your Critical Illness insurance. In most cases, these payments are tax free and can either be used to pay towards any treatment costs or they can be used to pay off a mortgage if you no longer have the income from work to do so.
Income protection is an insurance that pays out a percentage of your income if you are unable to work due to injury or illness.
You can link it with any sick pay you get from your employer to ensure that it kicks in and starts paying as soon as your sick pay finishes. Income protection will ensure you are able to continue paying your bills and means you and your family aren’t at risk.