Financial Protection for Families
Many families would have to reduce their living costs in order to survive financially in the event of the main income provider falling ill or dying prematurely.
Family protection can be set up to pay a lump sum or a regular income on death or diagnosis of an illness of a family member
What protection plans are available?
Some examples of the plans available to provide for you or your family are:
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- Life Cover – This cover pays a lump sum on early death or diagnosis of a terminal illness that meets the plan’s definitions during the term of the plan.
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- Critical Illness – This is designed to pay out a lump sum of money on the diagnosis of a critical illness i.e. cancer, heart attack or a stroke.
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- Income Protection – This intends to replace your income if you are unable to work for some time or permanently. This type of plan will typically cover a portion of your income to pay essential bills and help ease the financial burden.
When should you think about protection plans?
Protection can offer peace of mind in a range of situations, such as:
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Buying your first home or having a mortgage you want to safeguard.
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Being unable to work due to illness or injury, especially if you’re employed or self-employed.
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Raising a young family and wanting to secure their future in case of serious illness or death.
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Planning later in life, ensuring funeral or final expenses don’t become a burden.
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Relying on your income, no matter your age or family status—protection isn’t just for those with dependants.
It’s about being prepared, so you and those you care about are financially secure when it matters most.
Video Series: Personal Protection
We’ve partnered with Money Alive to bring you FREE access to their interactive, impartial, educational video journey covering: the financial impact of illness, critical illness or death and how insurance can help.
Meet the team
Ricky Clark
Director
Jonathan McDowall
Director