Protection
Protection
PROTECTION
IF YOU OWNED THE GOOSE THAT LAID THE GOLDEN EGGS, WOULD YOU INSURE THE EGGS OR THE GOOSE?
Our Financial Advisors can help ensure you have the appropriate level of protection insurance.
PROTECTION INSURANCE
- Life Insurance
- Critical Illness Cover
- Income Protection (PHI)
- Accident, Sickness and Unemployment Cover
- Home Insurance
- ife Insurance
Many insurance policies have reduced in price especially life insurance. With a life policy over 3 years old it is likely you can either reduce the premium or increase the benefit for the same premium.
Critical Illness
ONE IN THREE PEOPLE WILL BE DIAGNOSED WITH CANCER IN THEIR LIFETIME and more still with heart disease or a stroke*. Critical illness often means loss of earnings and lifestyle changes. Crtical illness cover can protect you and yours against this risk.
*Incidence UK cancer stats June 2004 Cancer Research Incidence, British Heart Foundation 2004, The Stroke association 2004.
Income Protection
Income protection plans provide a regular long-term tax-free income if you are are unable to work due to illness or accidental injury.
Benefits are limited to a proportion of earnings to reflect their tax-free status. A married person with no children earning 32,000 gross p.a. unable to work due to illness or disability may claim LT Incapacity Benefit of 4,230 p.a. (2007/08 tax year). Under an Income Protection Plan they could receive up to 20,000 p.a.
Accident, Sickness and Unemployment Cover
Accident, sickness and unemployment insurance typically provides benefit for a limited period.
Home Insurance
There are two types of Home Insurance.
Buildings insurance protects you against damage to the structure of your home together with its fixtures and fittings.
Contents insurance protects you against damage or loss of the possessions that you would normally take with you if you moved.