Protect you, your family and your income. I am able to advise you on the various protection options available to you that can offer you and your family peace of mind in the event of; death or diagnosis of a critical illness. You can also protect your income if your unable to work due to accident or injury.
A Decreasing Term life insurance plan is the most basic form of life insurance and in most cases is the cheapest way to insure your life. It covers you for a fixed period to normally match the mortgage term. It pays out in the event of death of the policy holder.
Some of these type of 'Term" policies will allow you to add on additional cover options, such as 'critical illness cover'. Critical illness cover is designed to pay out on diagnosis of a qualifying critical illness or on death during the policy term.
This type of policy is for those of us with dependents or for those that want to leave a lump sum in the event of their death within the specified cover period. This is usually designed so that it covers the cost of the entire remaining mortgage balance, which is extremely important if you have young children or dependents as their financial interests will be protected if the worst was to happen to you or your partner.
In addition and as a cheaper alternative you can also take Family Income Benefit which pays income benefit rather than a lump sum in the event of death.
(As with all insurance policies, conditions and exclusions will apply).