Protection advice NI

What is protection?

Protect What Matters Most.

Life Insurance Broker Specialist, whilst also providing advice in Critical Illness Cover, Income Protection, Mortgages and Mortgage Protection.

Protection is an umbrella term for a range of insurances and policies you can put in place to provide financial relief to you and your family in the event of a tragic or unforeseen situation. The type of things you can cover range from receiving a monthly payment if you fall ill or have an accident leaving you unable to work, all the way to your family collecting a lump sum if you happened to pass away.

What are the different types of protection?

Life Insurance

Life Insurance isn’t for you, it’s the last gift for those you leave behind and love most. You can rest comfortably knowing that if you were to pass away, your loved ones would be looked after financially and be able to maintain the lifestyle you have provided. When covering yourself for Life Insurance, it is essential to consider the following… debts you may have, i.e., mortgages, loans & credit cards, people who depend on you financially and what you would like their future to look like. It is also important the policy is set up correctly to ensure the right money goes to the right people at the right time and we do this by writing your policy in trust at no cost to you.

Critical Illness Cover

Critical Illness Cover is designed to pay a lump sum if you are diagnosed with a critical illness such as Cancer, Heart Attack, Stroke or MS. * We are incredibly passionate about this type of cover because it protects that 1 in 2 chance. For example, if you were diagnosed with cancer, how would you financially survive? It is typically designed to clear the mortgage or provide an income meaning you would be able to concentrate on what is important – your health. This takes away the financial worry and pressure and potentially gives you the financial strength to pay towards treatment, special care or go on a once in a lifetime trip – the money is yours to do as you wish; the point is you have options, and that is priceless.

*Source: https://www.cancerresearchuk.org/health-professional/cancer-statistics

Income Protection

Income Protection, also known as Accident & Sickness Cover. It’s a bit like having your own private furlough scheme in that it will provide you with a replacement monthly income but it pays until you are well enough to return to work or until your plan ends, which is typically your anticipated retirement age. It is a very comprehensive policy in that it doesn’t cover a specific illness but will replace your income if you are off work due to any sickness or accident. So even if it isn’t a serious illness you will still be able to pay your monthly mortgage payments and all other bills and you maintain your lifestyle and as a result you protect your credit score and savings.

What does income protection cover?

Sick pay
Being off from work sick
Self-employed workers
Employed workers
Business owners
Dangerous occupations
People who play sports

Family Income Benefit

Family income benefit is a unique type of life insurance policy. It is similar to a conventional life insurance policy in the sense that it pays a financial figure if someone dies, however family income benefit pays the sum in monthly instalments to help the family maintain and continue to manage any financial outgoings. The monthly premium is dependent on what figure you set out to the lender that you would need, should someone pass away. To get the most suitable and sufficient policy, please speak to an adviser by clicking the button below.