At any age, your life can change at a moment’s notice and should the worst happen, these types of protection are in place to give you peace of mind. In the event of your death or a deterioration of health, resulting in you being unable to work and subsequently unable to afford committed monthly payments, you would receive a sum of money to financially support you and/or your family. There are varying degrees of life insurance available with different policy terms and pay out sums.
You should speak to your financial advisor to help you decide on the right level of cover to suit you and your family’s needs, as it is key to not only look at how much a policy will cost you which needs to be budgeted for, but also the level it covers, such as the types of illnesses, the degree of benefits, lump sum pay-outs, the length of terms available and a discussion around ensuring any qualifying policy is placed in the correct type of Trust.
Public Liability Insurance, Keyman Insurance
Whilst protecting yourself and your home, it is easy to forget the need to protect your livelihood as well. Business insurance cover is available for your company to prevent it from financial loss in the event of your death or if you were diagnosed with a critical illness.
Public Liability Insurance on the other hand, gives you assurance that you can cover the cost of any claims made by members of the public for incidents occurred in connection to your business. This could include covering the cost of any compensation for personal injuries or loss/damage to property.
Terms and conditions for all insurance policies will apply.