PERSONAL PROTECTION
Protection is the most important part of your future financial planning. It is there for when you need it most, protecting your income and your family's future. Below are a few types of protection policy that I can advise on and discuss with you in detail.
Life Insurance
Life Insurance typically pays a lump sum amount should you die during the term of your policy.
This lump sum can be used to clear debts such as the mortgage and/or provide a legacy income for your partner or dependants. In most instances, a trust will be set up and the pay-out from this policy is tax-free.
Critical Illness Cover
Critical Illness Cover, also referred to as Serious Illness Cover, pays out as a lump sum should you get diagnosed with certain illness or specified condition, such as Cancer, Heart Attack or Stroke.
This lump sum can be used to help clear debts, pay for specialist treatment or adaptations to the home, or however you see fit.
Income Protection
Income Protection provides a regular tax-free income if you are unable to work through injury or illness, including metal illnesses such as stress or depression. These policies will pay after a set deferred period and continue to pay each month until you are fit to return to work or the policy ends.
This policy is available for both employed and self-employed individuals.
Private Medical Insurance
With the NHS under more strain than ever before, it is now becoming increasingly desirable to have access to private healthcare.
Private Medical Insurance is a way to gain access to the benefits of private healthcare through a monthly subscription, to cover some or all of the costs, allowing you the ability to take control of your healthcare.
