Protect Your House. The concept of Protection and property insurance.
Protect your home and
your future
Protection is an important aspect of financial planning that can help you prepare for the unexpected events. In the UK, there are several types of protection available.
Life Insurance
This is a type of protection that provides a lump sum payment to the policy holder beneficiaries in the event of their death. There are many types of life insurance available including Term Life Insurance, Whole Of Life Insurance and Critical Illness Cover. Term Life Insurance provides coverage for the policyholder’s entire life Critical Illness cover provides a lump sum payment if the policyholder is diagnosed with a critical illness.
With decreasing life insurance your premiums are usually lower compared to other types of life cover. However, there are a few things to remember. Your cover will end if you don’t pay your premiums and the cover amount is only paid out once and there’s no cash-in value at any time.
You don’t legally need life insurance if you get a mortgage, though some mortgage providers might insist you take it out. If you do want to take out life insurance to help cover your mortgage, get in touch with us!
What type of life insurance is right for you depends on your circumstances.
Income Protection
This is another type of protection that can help individuals maintain their income if they are unable to work due to illness or injury. Income protection policies typically provide a monthly payment to the policyholder until they are able to return to work or reach retirement age.
Home Insurance
Home insurance is a common form of protection that aids individuals in safeguarding their homes and possessions against damage or theft. It encompasses various types, such as buildings insurance, contents insurance, and combined buildings and contents insurance.
THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS
ARE NOT MAINTAINED, THEN COVER WILL LAPSE.