There
are many types of protection to consider in order protecting
your family, its possessions and your house.
Critical
Illness
This is designed to cover you
in case you are diagnosed with a pre-defined critical illness as set out by the
life insurance provider. This is a great product because if you were to
contract an illness which means you wouldn’t be able to work, it could give you
a one-off tax free payment to replace your wages, replace your income or pay
off the balance of your mortgage. Many new critical illness policies come with
added benefits for yourself and your children too, contact us for more information.
Income
Protection
In a similar fashion to
critical illness cover, income protection protects you if you have an illness.
Although this time it does not need to be a critical illness, it could be
something quite minor. This would need to be backed up by evidence from your GP,
but this is a long term policy which pays out an agreed amount monthly.
A typical calculation for income protection would be 60% of your net salary.
Over
50′s Plans
Life Insurance doesn’t stop at 50. There are many fantasticplans which are available for the over 50′s. Contact us for more information on
these.
So that’s a good overview of
other policies which are on offer to protect you and your family. Go to our home pagefor further
information.
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