Protection Insurance Services

Life insurance, also known as term insurance or life assurance will provide a sum of money in the event of death during the term of the policy. This cash lump sum is paid tax free and can be used by your dependents however they choose.

Critical illness insurance will provide a tax free cash sum in the event that you are diagnosed with one of a set list of critical illnesses (most policies cover 30-40) where your diagnosis meet the providers definition.

Critical Illness protection is there to provide financial stability at a time that it is needed the most, it could be used to clear a mortgage or it could be used to replace a lost income, pay for private treatment or for whatever else you feel is required.

Income Protection Insurance sometimes referred to as Mortgage Payment Protection and Accident and Sickness Protection – is designed to pay a monthly income to help replace any lost income, should you not be able to work due to accident or sickness.

Insurers normally limit the amount they will pay out based on your last twelve months of earnings. The monthly benefit payable is paid to you either until you return to work, you retire or if you pass away.

Family income benefit is a type of life insurance, that provides beneficiaries with a regular, fixed, tax-free until the end of the policy term, as chosen at the outset by the policyholder. It is an alternative to level term insurance, it aims to replace the lost income if the person insured dies. Level term insurance pays out a one off lump sum if the person insured dies. Family income benefit pays a monthly income instead.

No benefit is issued if a claim has not been made before the policy expires.

Whole-of-life insurance is designed to pay out a lump sum to your loved ones when you die. It is designed to last designed to last as long as you do. You pay in a premium every month and when you die, the policy pays out a lump sum to your loved ones.

Specialist Protection:

• Key Person
• Relevant Life
• Business Protection
• Inheritance Tax Planning

Key Person Protection (also known as key man insurance or key person insurance) allows a business to insure itself against the financial loss it would suffer if a key person in their business died or were diagnosed with a specified critical illness, during the length of the policy.

Key Person Protection is a life assurance or life assurance and critical illness cover policy taken out to cover the life of a key person within your business. The policy is owned and paid for by the employer, so any pay out is payable to the employer and not the employee.

Relevant Life Insurance is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It pays a lump sum if the person covered dies or is diagnosed with a terminal illness, whilst employed during the term. The Relevant Life is paid for by the employer, and although the plans are similar to most other types of life cover except they aim to provide a tax efficient benefit provided by an employer for an employee.

Buildings insurance covers the structure of your home and any fixtures or fittings, garages, drives, fences, walls, out-buildings, swimming pools and tennis courts that are part of it.

The buildings element of the insurance cover includes the cost to repair or rebuild your home if it is damaged to a set rebuild cost although some insurance companies have an unlimited level of cover.

While, contents insurance covers you for your household contents. Generally, it is the total value of everything that is in your home that you would take with you if you were to move. With most contents insurance there is the ability to insure your personal possessions away form the home. This optional cover allows you to insure your personal items normally worn or carried outside the home, e.g. watches, jewellery, cameras, anywhere in the world for up to 60 days a year.

Landlord insurance provides you with the specialist level of cover you need to protect both the structure and rental income of your investment. A typical landlord building insurance policy will cover your for the cost of repairing any damage to the structure of the property, but it is worth considering adding additional levels which would also cover you for:

• Accidental cover
• Liability insurance
• Loss of rent
• Loss of income