Independent Financial Advice

Income Protection

Most people buy this type of insurance to gain reassurance of knowing that a monthly amount will be paid to them in the event of longer term sickness or illness.

The individual can choose how long they wait before the payments are made (deferment) i.e. 1 / 3 / 6 / 12 months and for how long the benefit is paid i.e. 2 years / retirement. All these factors will influence the overall price.

Critical Illness

Most people buy this insurance to gain reassurance and peace of mind that in the event that they contract or suffer a serious illness a lump sum will be paid into their bank. The client determines at the outset how much he wants the insurance company to pay and how long he wishes the insurance company to cover him for. The price is influenced by the term and the amount of cover. The number of conditions covered varies from company to company as does the monthly premium.

Life Assurance

Most people buy this insurance to cover the outstanding debts and to create a lump sum to leave to their dependants in the event of untimely death. The amount of lump sum together with the term of years influences the price as does whether the individual is a smoker and their overall medical health at point of entry.

A recent change in governmental policy lead to the introduction of Pension Term  Assurance (PTA). This offers tax relief to qualifying people at their appropriate rate of tax. This means that potentially there are substantial savings to be made.