21/04/2020
Why Protection matters: 📣📣📣📣
Life Cover;
It’s important to ensure you have adequate life cover in place. In the unfortunate event of death, you would want to ensure there is money to pay your mortgage off, money to support your partner or even money to support your children.
Critical Illness Cover:
We all know someone who has been diagnosed with a critical illness? This should cause alarm bells straight away. 🔔.
Critical illness cover will payout in the event of a diagnosis of specified critical illness. Often people have a misconception that it pays out if you die, that’s incorrect. For example, you can have a heart attack (one of many illnesses it covers) and survive (which often happens) and effectively it will payout. The benefit amount can be used for many different things such as ;
- Protecting your mortgage
- Support with medical costs
- Pay you a salary
- Pay you a lump sum to help with associated costs
Income Cover:
Income cover is a policy to design to support you if you are unable to work due to ACCIDENT OR SICKNESS. It typically pays out a monthly payment for a period of time which is based around your needs and circumstances.
For more information please do get in touch.
Thanks,
Jag Sond CeMAP