You never know what’s around the corner. That’s something we can all agree on given the events of the last year. That’s why it is particularly important to protect yourself and your family from unforeseen circumstances. While you more than likely feel that there has been enough doom and gloom of late, we would urge everyone to take some time to consider the future of themselves and their family and to ensure you have adequate critical illness cover, mortgage insurance and family protection insurance in place should the unthinkable happen.
If Something Happened to You
Covid has been a real wake up call to many. Those who never expected to catch this kind of virus suddenly found themselves ill and unable to work. Some were in hospital for lengthy periods while others had a long recovery process at home. It’s not just Covid you have to think about either. There are so many scenarios that could happen which would leave you unable to provide for your family. In these situations can you answer the following confidently?
- How will the mortgage be paid?
- Who will cover the bills?
- Can you survive on a reduced income?
The bills don’t go away because you get ill and, if you are left with a reduced income, there is the real danger that you could find yourself struggling to provide for your loved one.
Different Types of Family Protection
Whether it’s Mortgage Protection, Critical Illness cover or Family Protection Insurance, there are many solutions to ensure you have adequate cover in place should you no longer be able to work.
Critical Illness Insurance
There are many different types of critical illness policies. While this type of cover doesn’t cover short term illnesses such as Covid, it does cover other illnesses such as cancer, heart attack, stroke, organ failure, MS, Alzheimer’s and Parkinson’s disease.
Mortgage Protection
While not compulsory, mortgage protection will cover your mortgage payments if you become ill or lose your job. You can take out specific mortgage protection insurance which covers the payments, or you can take out a general insurance policy where the payments can be used to cover other bills.
Family Protection Insurance
Should the worst happen, family protection insurance is a form of life cover that looks after your family, paying out a lump sum upon the death of the policy holder. This money could be used to pay off the mortgage or provide for their future giving you peace of mind that they will be looked after financially should anything happen to you.
Contact Us to Discuss Your Options
With all of the above, there are many different options when it comes to family protection insurance. You may be confused by just how many different types of policies and levels of cover there are and have questions about which family protection insurance option is the best for you. That’s where we can help. Book an appointment with us to discuss how you can ensure you have the right family protection insurance for you and your peace of mind.
Contact us today on 01934 756717