Protection

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Family income support

This cover will pay out if death occurs, and provides an income per year for the term remaining on the policy. For example, for a 20 year term, where the claim occurred after five years, there would be 15 annual payments made in total. The payments are not normally subject to income tax but may

By |2020-04-26T14:22:47+00:00April 26th, 2020||

Private medical insurance

This is insurance that pays the hospital or Doctor for your treatment. It can include treatment in a private ward, or being seen earlier in an NHS ward. Some plans also allow you to claim if you are not able to be seen by the NHS within a set period. Other plans may charge a

By |2020-04-26T14:22:11+00:00April 26th, 2020||

Critical ilness

Insurance that pays out when a defined medical event occurs. For example, following a heart attack, stroke, cancer or some other specifically defined critical illness. Cover is for a set term, which may be equal to a mortgage term, for when children have grown up, until retirement or another life stage milestone. It may be

By |2020-04-26T14:21:39+00:00April 26th, 2020||

Income protection

This provides income where you are ill or injured, and as a result your income through employment or your normal route stops. If Houseperson’s cover is included, then it will pay out upon illness or injury, irrespective of any income stopping. It is designed to replace most of your net income. Cover lasts for either

By |2020-04-26T14:21:07+00:00April 26th, 2020||

Life assurance

This is cover that pays out on death. Some plans pay upon earlier confirmation of a terminal illness where the prognosis is death within 12 months. It can pay out as a lump sum, or as income for the remainder of the policy term. Cover can last for a set term called Term Assurance, or

By |2020-04-26T14:20:33+00:00April 26th, 2020||