Financial products are sometimes at their most useful when they are protecting our families, our incomes or our property. Whilst insuring ourselves against an undesirable event such as sickness or even death may not be a pleasant thing to think about, the benefit of being able to set financial issues aside at emotionally difficult times cannot be overlooked.
Life Cover- pays either a lump sum, decreasing sum or a monthly income in the event of death during the term of the policy. The benefit is paid tax-free and premiums are usually monthly, and fixed throughout the term. Because the term and benefit are known from the outset, and there is no investment content, term assurance is a very cost-effective method of protection.
Critical Illness- This is normally attached to life cover and allows for the lump sum benefit to be paid also in the event of diagnosis of certain critical illnesses, such as Heart Attack, Stroke, Transplant, Blindness, Total & Permanent Disability and so on.
Income Protection- provides a tax-free monthly income if you are unable to work through sickness or injury. You can choose the level of premium, depending upon the required benefit and term, usually to age 65.
Locum Insurance - Meet locum expenses if you or one of the practice partners is unable to work ill or has an accident. Paractice Managers and nursing staff can also be covered. Other options include maternity/paternity cover.
Redundancy Cover- provides a monthly income for up to 24 months if you are made redundant involuntarily.
If you would like to discuss your options, please feel free to talk to one of our advisers on 028 90660300.
