Personal Protection Insurance

What’s Involved?

Personal Protection Insurance is an umbrella term encompassing various insurance products specifically designed to offer financial support during the unexpected challenges life might throw our way. These products include Life Insurance, which provides a financial safety net to beneficiaries upon the death of the policyholder; Critical Illness Cover, which delivers a lump sum payment if the insured is diagnosed with a specified critical ailment; and Income Protection, ensuring a steady income stream if one is unable to work due to illness or injury. Together, they form a comprehensive safeguard, ensuring you and your loved ones maintain financial stability during life’s most testing times.

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Life Insurance

Nobody likes to think of the worst, but we all want to know that our loved ones will be provided for when we’re no longer around. In the event of a death, life insurance policies will provide dependants with a tax-free lump sum; giving you and your family peace of mind.

There are two main types of life insurance, Life Term Insurance and Whole of Life Insurance, both of which we can advise you on and provide you with solutions.

  • Life Term Insurance provides life insurance protection for a specified period of time.
  • Whole of Life Insurance offers permanent life insurance that remains in force for your entire lifetime, provided premiums are paid in accordance with the policy.

We can explain the pros and cons of each policy type and advise on what is best for you.

Critical Illness

If you are diagnosed with a critical illness you don’t want to be worrying about how to pay for your mortgage or any adaptations required to your home or lifestyle as a result of your illness. Critical illness insurance can offer peace of mind by paying out a tax-free lump sum if you are diagnosed with a serious illness.

However, not all critical illness policies are the same and don’t offer the same level of cover. We can help you obtain and compare quotes to get the best value and most comprehensive cover possible depending on your individual circumstances.

Income Protection

Accident, Injury, Sickness & Unemployment

Have you considered how you would pay your mortgage and other bills if you were unable to work due to an accident, long-term sickness, injury, or unemployment? We can advise on and provide access to a wide range of competitive Income Protection policies that will cover your regular outgoings if you are unable to work for a while or have been made unemployed.

Family Income Benefit

A traditional life assurance policy typically serves to settle debts or loans in the event of a loved one’s passing. However, for ongoing financial needs like covering monthly household expenses, a Family Income Benefit Policy is a more suitable option. This policy disburses a fixed, tax-free monthly income to your beneficiaries for a predetermined period. It offers a dependable income stream for your dependents, eliminating the investment risks often associated with traditional life assurance policies aimed at providing regular income.

Mortgages and Insurance

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Gomersal Office

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