Protection

Most people do not have a large amount of savings or have access to financial support to pay their housing costs in the event of serious illness or earlier death of a partner. It is therefore extremely important to consider protection as an option to run alongside your mortgage.

 

Level Term Assurance

 

Life cover which pays out a lump sum if you die during the length of the plan. The chosen amount of cover is fixed.

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Decreasing Term Assurance

 

Life cover which pays out a lump sum if you die during the length of the plan. The chosen amount of cover is decreasing.

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Critical Illness cover

 

Critical illness cover or life and critical illness cover which pays out if you die during the length of the plan, or diagnosed with a serious illness or a critical illness which meets the definition of the provider.

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Income Protection

 

Income protection which pays out if you are incapacitated during the length of the plan. The amount paid will be relating to your annual income. The wait period and payment period can vary depending on the options selected.

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Family Income Benefit

 

Family income benefit pays a lump sum in the event of death during the length of the plan. The lump sum can be paid to your dependents over a preselected period. The term and the sum assured will be based on the individuals requirements.

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