Cover to protect you and your family

Life Insurance

Life insurance pays your dependents a lump sum if you die. It’s designed to reassure your loved ones they will be looked after if you’re no longer around to provide for them.

The amount of money paid out depends on the level of cover you buy. You decide how it is paid out and whether it will cover specific payments, such as mortgage or rent. Level term insurance provides a set level of cover for the term you choose. Decreasing term insurance covers you for the term you choose, but the level of cover decreases through the term of this policy.

You may need to consider whether receiving a lump sum will affect the means-tested benefits that your dependents receive.

Family Income Benefit

These policies also pay out on the insured’s death. However, instead of a lump sum, they pay a monthly income to a named beneficiary, often until retirement.

Critical Illness Cover

Critical illness cover, also known as critical illness insurance, is a long-term insurance policy which covers serious illnesses listed within a policy. If you get one of these illnesses, the policy will pay a tax-free, one-off payment. This can help pay for your mortgage, rent, debts, or alterations to your home, such as accessibility adaptions, i.e. wheelchair access, should you need them.

Income Protection

Income protection insurance, sometimes known as permanent health insurance, is a long-term insurance policy designed to help you if you can’t work due to illness or injury. The policy ensures you receive a regular income until you retire or return to work.

Private Medical Insurance

Most UK residents are entitled to free healthcare from the NHS. Private health insurance pays all – or some – of your medical bills if you’re treated privately.

It gives you a choice in the level of care you get and how and when it is provided.

You don’t have to take out private medical insurance – but if you don’t want to use the NHS, you might find it hard to pay for private treatment without insurance, especially for serious conditions.