Protection Insurance Services

Although none of us like to think about it, would you be able to pay your mortgage if you were off work due to a serious illness or injury?
Kelly is able to offer advice and recommend products from the whole of the protection insurance market for the following types of protection.
Protection
Life Insurance / Life Assurance
Critical Illness Cover
Income Protection Insurance
Family Income Benefit
Whole of Life
Specialist Protection
Key Person
Relevant Life
Business Protection
Inheritance Tax Planning
General Insurance
Buildings and Contents
Landlord Insurance
Flexibility of appointments. In the same way our Mortgage Advisors offer a range of flexible appointment times and locations, that work for you including telephone or face to face meetings, this extends across to our Protection Insurance services.
What does the various Protection Insurances cover you for:
Life Insurance
Critical Illness Insurance
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
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
No benefit is issued if a claim has not been made before the policy expires.
Whole of Life
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 Insurance
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
Buildings and Contents Insurance
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
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
How We Work
Your Advisor will talk to you about your specific circumstances. They can help you calculate how much money you and your family may need if you were unable to work due to illness, or if you were to die. This will enable them to look at what level of cover will help meet any shortfall, always recommending products and services that are appropriate for you and your situation.
Flexibility of appointments. In the same way our Mortgage Advisors offer a range of flexible appointment times and locations, that work for you including telephone or face to face meetings, this extends across to our Protection Insurance services.
Insurance FAQs
Why do I need insurance?
What kind of insurance do I need?
What should I do if my circumstances change?
Do I need buildings and contents insurance to take out a mortgage?
Do I need life insurance to take out a mortgage?
When should I take out the insurance?
Buildings insurance needs to be in place from the date of exchange in order that completion can go ahead.
Can anyone apply for insurance?
What happens if I cancel my policy and switch to a new, cheaper one?
If you’re further into your policy and want to cancel your life insurance, critical illness or income protection policy before the term ends there should not be any penalites.
However, there could be a penalty to pay for the early cancellation of buildings and contents insurance.