Income Protection Insurance

Pays out when the insured is unable to work due to illness or accident. It provides a regular income (weekly or monthly) to assist with mortgage and living costs.

Life Cover

Level Term Assurance

This is the most popular form of life assurance and pays out on death of the life assured during the term of the policy.

Renewable Term Assurance

Option to take out a further term assurance without further medical evidence at the expiry date. Generally viewed as economical short term cover.

Whole of Life

This type of policy has many variations and can be for a guaranteed sum only or alternatively can include an investment element that is linked to investment performance. They are “permanent” policies where a payout will occur on the death of the life assured whenever this takes place.

Mortgage Protection

Decreasing Term Assurance

Provides life cover that decreases over the term of the plan (decreasing to nil at the end of the term). It is normally used to cover a reducing debt, such as the capital outstanding on a house purchase, with the sum assured being linked to the reduction in capital outstanding under the loan.

Critical Illness

Critical Illness Cover

Sadly, statistics show that someone under the age of 65 is five times more likely to suffer a critical illness than die. This plan will pay out a lump sum upon diagnosis of a critical illness. The scope of cover can vary although most life companies cover cancer, heart attack, stroke, loss of limbs, organ transplants, kidney failure and multiple sclerosis. Each insurer will have its own definition of the illness covered. This cover is available as a “bolt-on” option and can be added into most of the above mentioned policies at outset.