Discover what Protection Insurance you may need

Protect yourself and your loved ones

Learn more about protecting your financial future and the differences between life cover, critical illness cover and income protection insurance.

What we offer

Find out about our Protection Insurance offering, and the differences between the products.

Life Insurance

Life Insurance could be taken out to cover a mortgage debt. If you die before your mortgage term ends, your chosen beneficiaries will receive a lump sum they can use to pay off the outstanding amount on your mortgage, giving them one less thing to deal with at a time of high stress and ensuring they can continue to live in the home when you’re gone. It can be taken out as a tax-free lump sum, or as an annual income replacement known as a Family Income Benefit (FIB).

Critical Illness Cover

Critical Illness Insurance covers you should you succumb to a serious illness (definitions vary from policy to policy), giving you a one-off lump sum, which dependent on the level of cover you choose, you could use to redeem your mortgage in full, part or to simply provide a significant financial boost when you most need it. It doesn’t matter whether you are still able to work or not, your cover will be paid regardless.

Income Protection

If you’re unable to work, for example through illness, Income Protection Benefit (IPB) will pay you a tax-free salary until you return to work. The advantages of IPB are straightforward: you can receive up to 60 percent of your salary tax-free every month, ensuring you are able to cover your mortgage and other monthly outgoings. There are also low-cost options available, which run for two years.

Safeguarding your loved ones is undeniably crucial, but determining the specific type of protection required can be challenging

Take the first step towards protecting yourself and your loved ones. By answering a few simple questions around your circumstances you can find out how much life insurance you need and just how affordable it can be with an indicative quote. You can then speak to one of our expert advisers to discuss further and check the quote suits your needs.

We have also written a useful explainer article about protection insurance, read it here

Rather talk to a Protection Adviser immediately?

If you would prefer to speak to one of our specialist advisers, they would be delighted to hear from you.
Just call 020 7680 7141, email or complete the form on the ‘Speak to us’ tab below and we will arrange a call back as soon as possible.

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Useful reading

We are constantly publishing articles written by our expert advisors, so keep checking back!