The exact balance of protection cover needed will vary from person to person, and family to family. That’s why its important to get protection advice that’s right for you. Its also important to review your cover regularly as your circumstances are likely to change over time.
There are three main types of protection cover to consider:
There can be a lot to think about when it comes to choosing the right life insurance policy.
Life insurance is a crucial safety net designed to protect your loved ones in case the worst happens. Receiving a payout from a life insurance policy can be the difference between your loved ones facing a financial struggle at a challenging time and being able to maintain their same standard of living
Income protection provides you with a tax-free income if you are unable to work due to injury or illness. At the end of your chosen deferred period, income protection steps in to make sure you and your loved ones don’t suffer undue financial hardship, allowing you to maintain normality and the same standard of living at a turbulent time. Payment will continue until you are able to return to work or the policy end date.
Critical illness cover
This type of policy pays out a lump sum if you are diagnosed with a particular illness set out by the terms of your cover. Critical illness cover can be an option under a life insurance policy or as a standalone policy.
The tax-free payment could help fund your medical treatment, childcare costs, or household bills, while allowing you to maintain your standard of living. It might also help towards making changes to your home should you require these.
If you’d like to find out more about us and the financial advice we provide, please call 0333 222 4483, email firstname.lastname@example.org or complete our contact form below and we’ll get in touch with you.
Tenet Financial Services
5 Lister Hill
Phone: 0333 222 4483
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