Why do I need protection?

Should you find you’re no longer able to work, become seriously ill or pass away there are protection products which will ensure that your loved ones are protected financially.  As you grow older your protection requirements may change.  As such we recognise the importance of frequently reviewing your financial position to ensure that your protection products reflects  your current situation. 

Business Protection 

Business protection insurance covers a company financially when their owners or employees are affected by illness or death.  They can help support business owners in making sure their business survives in challenging times. Your clients already understand the need to protect their business premises and equipment. However, many forget about their most valuable asset, namely their staff. 

The death or critical illness of a key employee or co-owner can have a significant impact on a company . Business protection can help ensure the long term financial health of the business during difficult circumstances. We will cover areas such as shareholder protection, key man insurance, partnership protection and relevant life cover.          

Critical Illness Cover

Most life policies will provide you with the option of including critical illness cover within your plan. 

This type of protection is designed to provide you with a capital lump sum if you survive one of the specified critical illnesses outlined on the conditions list. These plans are normally used to provide funds to pay off your mortgage and/or cover medical bills.

The illnesses covered on the policy list includes conditions such as heart attack, cancer, major organ transplant, stroke, multiple Sclerosis and many others. In addition there are now policies which offer comprehensive children’s protection.

We will look at conditions covered and the definitions of each illness to make sure you have the most suitable policy for you and your family.

Income Protection Cover

This valuable type of cover provides income protection when you are unable to work due to sickness or injury. This type of plan would pay out a regular monthly tax-free income in the event of long-term illness. As such this will provide much needed support to meet financial commitments until you are able to return to work, or if this is not possible, until the end date of the policy. The plan is paid out after a deferred period and can cover you up until your selected retirement date.

Life Cover

Life insurance helps to provide financial protection for your family by paying out a lump sum that helps them to cope financially if you pass away during the term of your policy. The plan can also include terminal illness cover.

Some companies will have added benefits without any further costs. These include video consultations with doctors 24 hours a day or access to a BUPA nurse telephone line service for help and support.