Providing a lump sum on the event of your death, life assurance comes in two basic forms:
1. Term assurance
2. Whole life assurance
Your earning potential is likely to be your family’s most valuable asset. Income protection plans provide you with an income should you be unable to work for a prolonged period due to illness or injury.
Critical illness plans provide a lump sum in the event of you being diagnosed with one of a large number of specified illnesses. This can be structured on a term or whole of life basis and can often be the most valuable element of all protection plans.
Family income benefit
If you want to protect the monthly expenses ensuring that in the event of someone passing away in your family, family income benefit can be used to continue to live in the family home which pays your monthly expenses such as tax.
Building and contents
This type of insurance does what it says on the tin and is highly recommended when buying a home. It covers the cost of repairs to any damages on the structure of your home which includes roofs, walls and floors. The contents side of the insurance covers replacing or repairing your damaged, destroyed or stolen items.
For more details please see our protection planning here.