Protection Products

There are a number of different type of protection products which provide suitable cover to protect you, your family, your home and your business. This can mean a lump sum payment to repay a mortgage commitment, a regular income in the event of illness or serious illness or a lump sum to repay a business debt.

Mortgage Protection

This policy is usually arranged alongside your mortgage/loan commitment, the aim of the policy is to repay your borrowing on death. The level of cover decrease throughout the term , this is to reflect the reducing baance of your repayment mortgage. 

Level Term

The same level of cover is maintained throughout the policy term and can be used in conjunction with an interest only mortgage. 

Convertible Term Assurance

The sum assured stays the same for the term of the policy. However, for an additional cost you will have an option to convert this original plan, or part of it, to another type of policy.

Family Income Benefit

Family Income Benefit (FIB) provides a tax free regular income which is paid out for the remaining term of the policy if you die. FIB can provide a replacement income and may be index-linked to inflation.

Critical Illness

This policy aims to provide you with a lump sum on diagnosis of a critical or serious illness. The main benefit to you is that you will receive a lump sum which can be used to pay for private medical expenses to treat your illness or to make a lump sum reduction of the mortgage.

Income Protection

This policy will provide you with an income if you are unable to work. The benefit is paid tax free and can continue until your intended retirement age.