Insurance Services Morecambe & Lancaster
Life cover is an insurance policy which pays out a lump sum in the event of the policy holders death. There are many different types of life insurance to suit different needs.
Paying to cover your life protects your family should the worst happen. It is important to have the peace of mind to know that if you weren’t there, your family would be financially stable.
Critical illness is often an ‘add-on’ to life cover. Every provider covers different critical illnesses and it is important that you check what each provider offers. We usually recommend 5 star defaqto rated critical illness policies to ensure our clients have the most comprehensive cover available. If you have a critical illness insurance policy already please follow this link to find out how it is rated by defaqto:-
This type of cover is used to pay for things like adapting your home should you obtain a critical illness and not be as able as you were before you became ill. Amongst other reasons, these policies are now widely used to ensure your mortgage is paid off, taking away added stress which does not help in a time that can already be stressful enough.
Statistically, during a typical mortgage term, you are much more likely to contract a critical illness than die so the benefits of these policies can be very attractive.
Income Protection covers you should you be off work due to accident or sickness. With all types of protection policies you hope never to have to make a claim, but they provide you with the peace of mind that if you can’t work because you’re sick or have had an accident, you can continue to receive an income.
You choose the period for which you have to be out of work before you can claim the benefit, which can be from one day to two years.
These policies are popular with people who are self-employed, or those whose employers don’t provide them with fringe benefits that they are happy with, although they are equally important for those who have good benefits and wish to protect them for the time after which those benefits stop.
Accident, Sickness & Redundancy
These policies are designed to pay out for up to a maximum of 12 or 24 months, should you be unable to work due to accident, sickness or if you are made redundant.
You are able to take out policies that cover you for just accident & sickness, but if you wish to have the redundancy benefit, you need to apply for all three benefits in one.
There are strict eligibility requirements for these plans and you must ensure that you know of no reason why you, or any other member of staff in your company, has reason to think they may be made redundant.
Private Medical Insurance
Private medical insurance policies offer you quick access to eligible health treatments from seeing a specialist for diagnosis to having a comfortable stay in hospital. One of the main benefits of this type of insurance is being able to choose who to see and where to go, from a list of approved specialists and hospitals.
Buildings & Contents
Buildings insurance is a legal requirement on any property which is mortgaged and it is usually a condition of your mortgage that flood and subsidence cover is included. You may also wish to cover your contents which usually includes; furniture, clothes, electrical items, money and jewellery. It can also include fixtures and fittings such as carpets and curtains etc. Additional covers that may be requested are things like accidental damage and personal possessions cover which would cover your contents when they are taken out of the home.