Family and Business Protection
Family & Business Protection
Is your Family Protected?
Protecting your family financially is one of the best things you can do to make sure they will be taken care of in the event that one day you're not around to do so. It certainly doesn't need to be costly, but more importantly, do you have sufficient levels of life cover to meet all your liabilities and leave behind enough for your family to live on?
Protecting your family isnt just about life insurance though. Have you thought about the following areas of family protection?
Ways to Protect Your Family
Life Assurance- A lump sum to be left to your loved ones, which if invested, can produce a regular income for them to live off.
Critical Illness Cover - A lump sum payable on diganosis of a critical illness, enabling you to seek specialised treatment, pay off your mortgage or meet your regular liabilities. Can also include cover for your children being diagnosed with a critical illness.
Income Protection - Insuring your income in the event of you not being able to work due to an ongoing illness.
Family Income Benefit - A regular income payable to your family in the event of your death
Accident, Sickness & Unemployment Benefit - A regular payment enabling you to meet your mortgage payments and other associated bills in the event of your not being able to work due to an accident, sickness or being made unemployed.
There are other products available designed to protect you against loss of income. For impartial information about insurance, please the website at www.moneyadviceservice.org.uk
You may already have one or more of the above financial products. However, were you independantly advised regarding the product most suitable for you? If not, we would recommend having your protection requirements independantly reviewed by one of our advisers. Why? It is important that you are not over-paying for the products you already have, and it is even more important that the levels of covers you have in place are appropriate for your family as it stands today.