The Misconceptions Of Life Cover

When anyone thinks about life cover they think about a lump sum of money.

This is not what it's about

It is all about keeping your family secure. Imagine you are the main earner in the family and one day that family's income suddenly stopped because you have died.

There is nothing you can do about the grief your loved ones will feel, but when the reality bites that there is no or little income - what will they have to give up? What it they didn't have to give anything up? What if through careful planning you have secured the family home and the children's financial well being.

This is what life cover does, it is all about your family and their security in the future.

There are many different ways to do this and it probably wont cost anywhere near as much as you think. But is the amount you choose as cover the right amount? Will it only protect them for a few years or for the rest of their lives?

Call us and we can discuss your needs and help produce a plan that is unique to you and your family

With term insurance you choose the amount you want to be insured for and the period for which you want cover. If you die within the term, the policy pays out to your beneficiaries.

Whole of Life Assurance policies continue indefinitely and pay out when you die, regardless of when that happens. These offer the most comprehensive cover but are also more expensive.

Critical illness cover pays out a cash lump sum if you're diagnosed with one of a number of listed critical illnesses, including some types of cancer, a heart attack or stroke, multiple sclerosis or the loss of limbs.

Income Protection pays out if you're unable to work due to sickness or accident. Long-term income protection pays out until retirement, death or your return to work, while short-term income protection pays out for a set period, usually between one and five years.