Protection

The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.

It can provide the reassurance of financial protection for you, your family, and your business associates.

A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.

Please be aware that this type of assurance is based on an assessment of the health of the applicant.

This provides income where you are ill or injured, and as a result your income through employment or your normal route stops.

It is designed to replace most of your net income.

Cover lasts for either a set term in whole years, or to a given age (typically your state retirement age). The amount you pay is called the premium. It can either be guaranteed not to change, or it can be reviewable. Reviewable cover normally changes based on the claims experience of the life assurance company.

The main purpose of Critical Illness Cover is to provide a lump-sum payout if you are diagnosed with a specified serious illness, helping you cope financially during treatment and recovery.

It can provide reassurance of financial protection for yourself and your family.

A Critical Illness policy pays out a sum of money when the person who is covered by the plan is diagnosed with a Critical Illness. The money is intended to pay off any mortgage or outstanding debts and support you and your dependants financially with medical costs and home adjustments during recovery.