Having the correct protection strategy in place will enable you to protect your family’s lifestyle if your income suddenly changes due to premature death or illness. But choosing the right options can be difficult without obtaining professional advice to ensure you protect your family from financial hardship.
We can ensure that you find the right solutions to protect your assets and offer your family lasting benefits. It is essential that you are able to make an informed decision about the most suitable sum assured, premium, terms and payment provisions.
There are potentially three main scenarios that could put your family’s financial security at risk: the death of you or your partner, you or your partner suffering from a critical condition or illness, and you or your partner being out of work due to an illness or redundancy.
We can help you calculate how much cover you may require, whether this is for capital or for income, or both. You may find that a lump sum of capital is needed to repay debt such as a mortgage, or perhaps cover the cost of moving house. In addition, income may also be required to help cover your normal living expenses.
Think about how long you may require the cover and what you already have in place. We can help you review your existing policies and also take into consideration what your employer provides in the way of life insurance and sickness benefits.