Life Insurance, or Life Assurance, is one of the most common forms of protection. By taking out a life insurance policy, you are providing peace of mind for your loved ones should the worst happen and you pass away. A lump sum can cover everything from funeral expenses to mortgage payments, reducing the stress that comes with bereavement.
Life and Protection Insurance | Income Protection Advice
Life Insurance and Income Protection insurance policies are designed to offer financial support when the unexpected happens. Protection policies such as mortgage protection life insurance, critical illness cover, and income protection can protect you, and your family, from the financial consequences of death, a serious accident or illness, or unemployment.
Choosing the correct policy for you is vital for ensuring your loved ones are cared for. However, there are various types of life insurance income protection policies, and it can be difficult to know which is best for you.
At Cross Point Financial, we have been offering informed, impartial life insurance and income protection advice for decades. We can help you identify the best solution for you and assist in finding the right provider, right through to application.
For more information about the various life and income protection insurance solutions, click below, or get in touch, either via our contact form or by calling Andy on 07976 513630.
Though it sounds similar to critical illness cover, income protection insurance provides a regular, tax-free monthly income if you are unable to work due to illness or injury. This can be a better option for some.
This type of cover can pay out a (tax-free) lump sum on the diagnosis of certain life-threatening or debilitating illnesses, or if you have to undergo certain types of surgery.
Payment Protection Insurance and Short Term Income Protection Insurance can provide a monthly income to help cover your regular outgoings if you can’t work due to an accident, illness/injury or, often as an optional extra, unemployment.
Far from being a luxury, Protection Insurance should be considered essential, especially if you have a family or people that rely on your income.
