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Protection Insurance

Protection Insurance is an essential piece of the jigsaw when it comes to completing a really robust personal financial plan.

Life cover, critical illness cover and income protection are all relatively cost-effective ways of protecting you and your loved ones from the financial impact that death or an unexpected illness could have. Having financial protection in place would also ensure your best laid plans stay on track, no matter what life throws at you.

It’s easy to think you might never need it, but we all know of someone whose been affected by a serious illness.

Studies by Cancer Research UK have shown that one in two people born after 1960 will be diagnosed with a form of cancer during their lifetime.* Having a financial safety net in place can help to alleviate the devastating impact that an illness like this can have on you and your family.

Our experienced financial planners can create a tailored protection package for you that suits your particular circumstances and takes into account your financial plan as a whole. They can look at what insurance you might already have and fill any gaps so you have exactly what you need. This is what we offer:

Life insurance

Life cover provides a lump sum to your family if you were to die unexpectedly. The amount of cover can be closely aligned to what they would need to maintain their current lifestyle – for example, you could be covered for the the amount of  your mortgage liability, your total monthly outgoings or school fees.

Income protection

Income protection insurance will provide a payout if you’re unable to work. Our specialist advisers can create a plan for you that works alongside any entitlements your employer offers so that there’s no unnecessary overlap.

Critical illness cover

This will provide a lump sum if you’re diagnosed with a serious illness such as cancer, heart attack or stroke. Again, the payment from this could be designed to cover your current liabilities so that financially at least, things can remain the same.

* https://www.moneyadviceservice.org.uk/en/articles/protection-insurance-tips-and-myths

If you’d like to discuss protection insurance, please contact us