Life Insurance

A Life assurance policy is a contract between an insurance company and an individual, where payment of a claim by the insurance company in return for premiums paid depends in some way on the duration of a human life or lives.

The size of the monthly premium will depend on the following factors:

  • The type of cover required – i.e. lump sum or income
  • The amount of cover
  • The insured’s age
  • Whether the insured smokes
  • The length of the cover
  • The number of persons covered
  • The insured’s medical history and current state of health
  • The insured’s occupation

The benefit of a life insurance policy is that it guarantees that if a life-assured dies, the life company will pay out a cash sum. This money will be paid to the person paying the premiums or, if the sole life-assured has died, the proceeds will be passed into his or her estate and distributed according to the terms of the will.

If there is no will, the sum will be handled according to the laws of intestacy.

It is recommended that life insurance policies be written under trust, as this will take the proceeds payable on death out of the estate, reducing the inheritance tax liability for the beneficiaries.

To find out more please enquire below.

Critical Illness Insurance

Critical illness insurance is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.

Every insurer’s policy is different, but they all have some things in common. For example, critical illness policies usually offer cover for a specific amount of time – for example 20 years – and pay out if the person covered is diagnosed as having a particular critical illness within that time.

You can also choose what type of cover you have:

  • Level cover, where the amount paid out stays the same;
  • Decreasing cover, where the amount paid out decreases over time;
  • Or increasing cover, where the amount paid out increases over time.

Generally, the amount paid following a claim will be a one-off sum of money. Some policies will make payment instalments.

To find out more please enquire below.

Income Protection Insurance

Income protection insurance can provide cover if you’re not able to work.

There are typically three types of things that you’re protected against – accident and sickness only, unemployment only and the more comprehensive, accident, sickness and unemployment cover.

You’re able to protect up to 70% of your gross salary and it’s designed to replace your income and to pay out a tax-free monthly sum, which can be used to help ease any financial hardship whilst you’re unable to work.

Income protection is a useful product for anyone who wants to cover their salary so they don’t fall behind with monthly outgoings should they be unable to work.

To find out more please enquire below.

Health Insurance

Health insurance is designed to ensure that if you need medical treatment in future, you won’t need to worry about NHS waiting lists or paying for the cost of the treatment. If you’re treated privately, health insurance will pay all or some of your bills.

It will help you get diagnosed and treated quickly, as well as offer you a prompt referral to a consultant and admission to a private hospital at a time and place that is convenient for you.

With health insurance, you’ll have a choice of private hospital from an agreed list provided by your insurer – most hospitals offer a private en-suite room, TV and a choice of food, which you wouldn’t necessarily get as a normal patient.

In short, the main benefits of private health insurance are:
  • Shorter waiting times for treatment on the NHS
  • Better facilities
  • Faster diagnosis
  • Choose from a range of private facilities
  • Choose a convenient time for appointments and treatments

To find out more please enquire below.

Home Insurance

With the popularity of price comparison sites, it’s easy to assume that a cheap home insurance policy is also a good one. Saving a few pounds on a premium is a false economy if the policy doesn’t cover your belongings or simply doesn’t pay out in the event of a claim.
We take responsibility for ensuring that you get the cover you need, at a price that suits your budget, from a reputable and trustworthy insurer.

To find out more please enquire below.