Buildings & Contents Insurance

Your home is likely to be your most valuable financial asset but remember that incidents do occur which can potentially destroy or severely damage your property.  With this in mind, you need to be certain that you are covered with the relevant insurance.  Buildings & Contents insurance provides you with peace of mind by protecting both the structure of your home and contents located within it.  Buildings and Contents insurance should be considered at all times.

Level Term Life Insurance

Level Term Life Insurance is designed to provide a fixed amount of life insurance for a fixed term of years.  The premiums are usually determined at the outset are usually guaranteed for the full term of the policy, provided premiums are paid when due.  Level Term Insurance has traditionally been arranged for family protection needs and/or to cover Interest Only mortgages.

Decreasing Term Life Insurance (also known as Mortgage Protection Life Insurance)

Technically speaking, Decreasing Term Insurance and Mortgage Protection are different products, but the vocabulary has been muddled over time.  Decreasing Term Insurance is a term assurance that decreases by a fixed amount each year and is designed to repay the outstanding balance of a repayment mortgage in the event of a claim.  A repayment mortgage is a mortgage loan where each month the interest due and some capital is repaid.  During the early years relatively little of the loan is repaid each month with larger amounts repaid in later terms.  The premiums are determined at outset and are usually guaranteed for the term of the policy.

Critical illness Cover

The aim of this benefit is to provide a guaranteed lump sum (or income if provided within a Family Income Benefit policy) if the life assured, during the period of cover, is diagnosed as having one of a number of specified critical illnesses covered by a policy.

Family Income Benefit

Family Income Benefit (known as FIB), is a Term Life Insurance product that, as the name suggests, is designed to provide an income to dependant(s) in the event of a claim, rather than a cash lump sum. The sum assured is specified as an annual income. In the event of a claim the sum assured per annum is then payable from the date of the claim to the policy maturity date. Payments can be monthly, quarterly or annually. Income payments are, in fact, simply instalments of a lump sum (sum assured) and as such are not liable to income tax.

Mortgage Payment Protection Insurance

Mortgage Payment Protection Insurance is designed to repay the monthly mortgage premium or a considerable amount of in the event that the policy holder is unable to work due to an accident, illness or redundancy.  This protection insurance is designed to pay the policy holder this benefit for a period of usually 12 - 24 months.  The deferred periods are also usually fixed at the outset.

Income Protection Insurance

Income Protection is designed to replace lost income during periods of inability to work.  Statistically customers are more likely to suffer a serious illness that prevents them from working than they are to die before they retire.  Income Protection Insurance is designed to pay the policy holder until they recover sufficiently to return to work, or the plan matures.  This could well mean that the insurer is paying the customer an income for well over 20 years in a worst case scenario.

Private Medical Insurance