Life Insurance and Critical Illness


Life insurance is a simple protection product which is designed to pay out a lump sum, should you decease during the life of your plan. The benefit payment is paid to your loved ones to help them cope financially during such difficult times.


When set-up correctly, the benefit payment is paid out tax-free to your beneficiaries to use however they see fit. It could be used to pay off a mortgage, any outstanding loans or just to help with everyday financial commitments whilst family life resumes.

There are different types of life insurance to consider depending on your circumstances, so it’s best to do your research. The three most common are:


  • Level Term Life Insurance
  • Decreasing Term life insurance
  • Whole of life insurance
  • Critical Illness Cover


Other key considerations are whether you are taking out the policy as an individual or a couple (known as joint life insurance) and whether you want some level of protection against serious illness (including critical illness cover)*.



Income Protection


Are you self employed or have limited sick pay at work in your employed role?


How would you pay the bills if you were sick or accidentally injured and couldn’t work?

An income protection insurance policy can be affordable and easy-to-arrange*; helping to give peace of mind to you and your family.

It provides:


  • An income to help replace any loss of earnings due to ill health or accidental injury
  • Continued benefit if you go back to work in a reduced capacity, with a reduced salary
  • Tax free payments under the current rules, although this might change in the future
  • Income Protection Policies have no cash-in value at any time



*As with all insurance policies, conditions and exclusions will apply

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