How It Works
Sometimes life can throw something at us that we aren't expecting & are unprepared for, whether this is loss off a job, long/short term illness, critical illness, property damage or even death in the family.
As much as we don't like thinking about these things we are never sure of what the future holds, by taking some advice on this we can at least be a bit more financially prepared if anything was to happen. There are a number of different types of policies out there that can help reduce the financial risk to you & your family in different situations. We can review the market, give advice & make our recommendation on them for you.
Life Cover
Now we know no one wants to think about a loss of life in the family or that they will ever need life cover, but unfortunately we know no one can see the future. So with that in mind what Life Cover can do for you & your family is that you can set in place funds to be paid as a lump sum to whomever you choose if the worst was to happen.
This can then be used to reduce the financial risk to your family by allowing them to pay off a mortgage, cover rental/living cost, clearing any debts you may have or any way that helps them be more financially secure. We can search the best options for you from a panel of top leaders on this so you're not paying over the odds or for something you don't need.
Critical illness cover can also be added to these policies.
Family Income Benefit
This is a type of life cover insurance. However, unlike traditional policies that pay out a lump sum, Family Income Benefit provides beneficiaries with a regular, fixed, tax-free income for a number of years, meaning it could replace a lost income through loss of life. This allows the family to carry on living their lifestyle as best they can, paying bills, keeping food in the house, etc. Critical illness cover can also be added to these policies.