Personal Insurance

Life Insurance If you have a family, other dependents or significant debt then you should consider getting some life insurance. One way to think about the need for life insurance is to ask yourself, if you were to die early what would be the financial impact on your loved ones? Life insurance provides you and your family with financial certainty and support in a time of need. Life insurance cover typically means you will receive a one-off payment on your death or if you are diagnosed as being terminally ill, which can help your family continue to live the life you've planned together. This can provide some peace of mind, knowing that: your dependents can focus on living life without worrying about finances. typically, your family can get quick access to immediate funds to cover funeral costs. they can stay in the family home - pay the mortgage or cover the rent. children are provided for and can make future education plans, such as going to university. the financial burden of on-going day-to-day living expenses is taken care of.

Income Protection Insurance Your ability to earn an income is your most important asset. The financial consequences of a disability or extended illness could be devastating for your lifestyle and those that depend on you. Recovering from an illness or accident is also difficult enough without the extra stress of financial worries. Income Protection insurance replaces your income if you can't work due to sickness or injury. It's important because your income is what allows you to live your life today - and make plans for tomorrow. Income Protection pays you a monthly benefit, just like your salary, and generally covers up to 75% of your pre-tax salary.

Trauma Cover (also known as Crisis Cover) Trauma Cover pays you a lump sum if you suffer s specific illness such as a stroke, a hearty attack, cancer or the loss of a limb. If a physical trauma means you can't work, or have to meet significant medical costs, you won't have face financial trauma too. There are a number of additional benefits that you can add to the policy to enhance the basic cover.

Key Person Cover Small and medium-sized businesses often have one or two key people that can put the company at risk if they are out of action. Key Person Cover pays for the cost of replacing a key member of your staff for up to 12 months if they are unable to work because of illness or injury.

Mortgage Repayment Insurance Monthly Mortgage Repayment Cover provides an agreed monthly benefit to help meet your monthly mortgage repayments or other similar obligations, such as a rental agreement. The cover pays out if you are totally or partially unable to work due to sickness or injury. The benefit is based on either 110% of your contractual mortgage repayments or 40% of your income.