Insurance & Protection
Insurance & Protection
Planning for the unexpected
Insurance & Protection
What type of protection insurance are you looking for?
Life insurance
What is it?
A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term.
With some term insurance policies you can add additional options, for instance critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.
Who is it for?
This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time period whilst keeping the cost to a minimum. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away. As qualified specialist advisers we can help you find the one most suitable to meet your requirements.
Income protection
What is it?
An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).
This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.
Who is it for?
This type of plan is designed for anyone whom is working (employed or self employed). It’s worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing protection is essential. Plans can be adapted to fit in with any existing protection you might have. As qualified specialist advisers we can help you find the one most suitable for your requirements.
Landlord Insurance
We’re a blend of expert knowledge, skills and passion, and we’d like to think the ultimate formula for the insurance and protection plan best suited to you.
Critical illness
What is it?
A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.
Who is it for?
This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home.
The quality of cover and the illnesses covered can vary significantly between different providers. As qualified specialist advisers we can help you find the most suitable one that best meets your requirements.
Business protection
Helping to protect the future of your business
Do you depend heavily on the skills and judgements of others within your business? Are these people vital to its effectiveness and profitability? If so, have you considered the financial impact that the death or critical illness of such a key person would have on your business? The impact could be:
- A loss of profit
- An interruption to cash flow
- An inability to make loan repayments
- A change in shareholder control
In some instances, the financial impact could be so great, that the business is unable to continue. Business Protection allows you to put in place cover that would ensure that funds become available, should a key person in your business become critically ill or die.
We can help you with the following protection
- Key person insurance
- Share holder protection
- Group protection
- Business loan protection
- Relevant life plan
Call us today for a tailored solution for your business needs.
Buildings & contents insurance
If you have a mortgage, your lender will usually insist that your property (and their security) is protected by buildings insurance. It usually pays out if your property is destroyed by fire, floods or subsidence (although you will need to check if you live on a flood plain, for example). Damage to fixed fittings such as baths and kitchens are often included, as well as sheds, greenhouses and garages.
If you purchase a leasehold property (such as a flat in a block of flats) the freeholder may have arranged buildings insurance for the whole block, in which case you may not need your own buildings policy.
What isn’t covered?
Your cover is based on what your home would cost to rebuild. You can check whether you have enough buildings insurance through the Building Cost Information Service (BCIS) website. It has an online tool to help you calculate the sum you should insure your building(s) for, in case your home has to be entirely rebuilt.
As always feel free to contact us to we can make sure you have the right cover that fits your needs.
With you every step of the way
Why choose us
Convenient Appointments
We’re a local firm, with national clients and complex requirements, that’s why we provide convenient appointments including phone, Zoom and of course face to face.
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Our initial meeting is completely free and there is no obligation to proceed with us if you are not entirely satisfied with the mortgages we recommend.
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We’re with you every step of the way
With over 25 years of financial services experience, from mortgages to protection, our varied industry knowledge will cater for any financial circumstance you find yourself in.
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Always listening to our customer, our post-completion surveys ensure we are constantly improving.
Industry knowledge
Our experienced team have completed hundreds of applications to-date and it continues to grow day on day.
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With access to hundreds of products, we’ll help you secure the right product tailored to your circumstances.