INCOME PROTECTION
We provide income protection policies that pay a monthly income tax-free if you are unable to work due to illness or injury. The amount paid is usually between 50 and 70 percent of your salary and continues until you return to work or reach retirement age. We understand that state benefits are limited, and few employers support staff long-term, so this cover can help your family through financial difficulties. You can choose when the policy begins to pay out, from one month to a year, with earlier payouts resulting in higher premiums.
CRITICAL ILLNESS COVER
We arrange critical illness cover that pays out a tax-free lump sum if you are diagnosed with a major illness, such as cancer or heart disease. The exact illnesses covered vary between providers, and many insurers make part payments for early-stage diagnoses of conditions listed in the policy. Many people choose to combine this with life cover, which pays either on diagnosis of a defined illness or on death, whichever comes first. This combined option often reduces the premium because only one lump sum can ever be paid out. We also cover life insurance and life insurance tailored to your needs.
ACCIDENT, SICKNESS, AND UNEMPLOYMENT COVER
We provide accident, sickness, and unemployment policies alongside life insurance to protect your income if you are unable to work due to illness, injury, or job loss through no fault of your own. In the event of a claim, the policy pays a percentage of your monthly income, usually for up to 12 months, after a waiting period of at least one month. Longer waiting periods can lower the cost of premiums. This type of cover differs from mortgage payment protection, which applies only to a specific debt such as your mortgage, and from income protection, as it also includes unemployment cover.
FAMILY INCOME BENEFIT
We offer family income benefit policies that provide a regular income instead of a lump sum if you die during the policy term. A typical example would be parents of young children taking out a 20-year policy. If one parent passes away five years into the policy, the family would receive a regular income for the remaining 15 years. This straightforward cover ensures ongoing financial stability during a difficult period. Critical illness can also be added, providing a payout if one parent is diagnosed with a serious illness during the term.
PROVIDERS
