If you are unable to work due to accident or sickness, the bills will still need to be paid. If you have children to look after or loans to repay, the financial impact of being unable to work could be significant. Savings could be used up relatively quickly once your everyday expenditure has been covered, so planning for this is extremely important.
Most personal accident and sickness policies pay if there is loss of income due to an accident or sickness. There will usually be a deferment period before a claim can be made.
We have a range of products to suit your requirements and access to a panel of leading insurance products.
We aim to build long-term relationships with our clients. We’ll take time to understand your needs, search the market, tailor a plan that suits you and find the best premium.
Cover can usually be taken out in the following ways:
Choosing the correct options will depend on your circumstances. We will establish which level is most appropriate when making the recommendations.
Cover typically includes:
Homemakers can be covered – Insurers recognise that although this is not a paid occupation someone else may have to be paid to do some of the jobs normally undertaken by a homemaker.
Physical contact sports or hazardous activities – These are more likely to lead to accidents so insurers may quote additional costs for these activities – they need to know what it is you do.
Limit on cover – Normally insurers will not offer cover for more than your net earned income. This is because the insurance is designed to replace income lost as the result of injury or illness.
This will vary depending on why it is required. Getting professional advice is useful for establishing how much protection you need and the most appropriate option to choose.
When our advisers make recommendations, they will take into account the budget you have available. If the solutions they recommended exceed your budget, they will help you to prioritise, making sure the money you have available is going as far as possible to meet your objectives.
Covid-19 has affected every aspect of our lives. Here, we examine the consequences on life insurance, critical illness cover and income protection for new and existing policyholders.