Life Insurance
Life insurance provides a lump sum or a monthly income if you die. Many policies also provide a Terminal Illness Benefit, where a lump sum will be paid out if you are terminally ill and are expected to die within 12 months.
You may already have a life insurance policy in place. You may also have cover through your employer (which could be in the form of a Group Life Insurance policy or through “Death in Service Benefits”).
However, it is vital to ensure this cover is still suitable. For example, would you be able to get replacement cover if you left your current employer? And have your requirements changed since you took the policy out? It is easy to forget the key points about your insurance policies, but these key points become extremely important if your family needs to make a claim.
It is important to select the right type of cover, otherwise you could be paying over the odds or even find that your policy does not suit your requirements. For example, we have seen countless instances where someone has increased their mortgage but hasn’t increased their life cover, which means their family would be unable to repay the mortgage if the worst should happen.
Critical illness cover
Critical Illness Cover pays out when you are diagnosed with a pre-defined illness or condition, regardless of the impact on your life expectancy. The most common payouts are for cancer, heart attack or stroke but you will normally be covered for a whole host of illnesses.
Having Critical Illness Cover in place helps reduce the impact on your income and your lifestyle if you suffer a serious illness. For example, one of our clients was diagnosed with cancer and she was able to use her critical illness cover payout to take extended time off work to allow her to recoup and enjoy time with her family.
It is easy to find this type of policy on price comparison websites. However, the quality of cover you can expect will vary significantly from one provider to the next. Our staff analyse the types of illnesses each provider covers to ensure our clients get value for money from their policies.
How we can help
One of our advisers can review your circumstances and your budget and recommend the type of cover which best suits your circumstances. They will also select the most appropriate provider and guide you through the application process.
You don’t need to pay us a fee for advice about insurance. This is because if you take out a policy we will receive a commission from the insurance company.
Our Fees
We offer a free, no obligation, initial meeting. This gives you an opportunity to find out more about our company and to get to know your adviser.
After your initial meeting your adviser will set out how we can help you and what fees will be payable for our services. If you choose not to use our services no fees will be payable.
We set different fees for different types of work, which is explained in more detail on the link below.
If you require advice about insurance you will not pay a fee for our advice and instead we will receive a commission from the insurance company if you take out a policy.
