Protection Products

Life Cover &
Critical Illness Cover 		Income Protection
(PHI) 		Funeral Expenses (Whole of Life)
Partner/Director Share Protection Business Loan Protection Key Person Protection

Life Cover & Critical Illness Cover

If you have existing life insurance products, it might be worth reviewing your cover. Most Insurers have considerably reduced their premiums over the last few years and we may be able to offer you increased cover and/or reduced premiums.

Have you increased your mortgage but not your life cover ?
Do you have enough cover for your dependents ?
Do you have loans to protect ?

We can provide mortgage life cover and life cover to protect your dependents and will advise you on the most suitable and cost effective product.

Income Protection (PHI)

This is designed to provide a regular income if you're unable to work through illness or accident. The policy has very attractive premiums, you decide the amount of monthly benefit, the policy can last until retirement and can also be index linked.

This is a particularly attractive plan for those without any employee sick pay benefits.

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Funeral Expenses (Whole of Life)

'Whole-of-life' plans are life assurance policies, designed to provide the policyholder with cover for their entire lifetime. The policies only pay out once the policyholder dies, when the policyholder's dependants will receive a lump sum, usually tax-free. Depending on the individual policy, policyholders may have to continue contributing to the plan right up until they die, or they may be able to stop paying in once they reach a stated age, even though the cover continues until they die.

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Partner/Director Share Protection

The loss of a partner or director could destabilise a business and can quickly lead to financial difficulties. Partner/Director Share Protection means if the worst does happen, the remaining directors or partners can stay in control of the business.

In the event of a partner or director dying, falling terminally or critically* ill, Partner/Director Share Protection can provide a sum of money to the remaining partner(s) or director(s). This means that in the event of a valid claim the policy could pay out an amount sufficient to purchase the deceased or critically* ill partners/directors interest in the business.

* If critical illness cover is chosen as an additional option.

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Business Loan Protection

The loss of the person or people who have guaranteed a loan is particularly serious for a business. Business Loan Protection helps your client pay an outstanding overdraft, loan or commercial mortgage, should the guarantor die or become terminally or critically* ill.

Business Loan Protection is life assurance (sometimes life assurance and critical illness cover) written on the life of an individual or individuals. When a valid Business Loan Protection claim is made, a sum equal to the outstanding debt could be paid to either the business or directly to the lender.

* If critical illness cover is chosen as an additional option.

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Key Person Protection

Key Person Protection helps safeguard a business against the financial effects of death, terminal illness, or critical illness* of a key person.

The loss of a key person may result in reduced sales, loss of profit/turnover, wasted time, recruitment costs, the disruption of development plans or increased workloads for remaining staff.

A key person is an employee whose continued absence would affect the profits of the business. Someone whose skills, knowledge, experience or leadership are important to its continued financial success. Examples of a key person include, but are not limited to:

  • Sales director
  • IT specialist
  • Managing director
  • Head of product development
  • Technicians and R&D personnel

* If critical illness cover is chosen as an additional option.

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