Are you looking to the future?
"Protection" covers several aspects of a Financial Portfolio. It refers, most obviously, to Life Assurance, i.e. to protect anybody who would suffer financially by your premature death. This would be your immediate family, but often includes creditors or business partners.
"Critical Illness" cover however, is to help you cope with a serious illness with the payment of a lump sum.
Perhaps you would use this to settle your mortgage or other debts to enable you to give up work. Or you may wish to alter your home or vehicle to take account of a disability.
"Permanent Health Insurance (Income Protection)" ensures that at least some of your income would continue if you were unable to work through sickness or accident. This is particularly important for the self employed. It is possible to arrange "Day 1" cover, so that if you have a week off sick, you get a week's benefit.
"Accident, Sickness and Unemployment" cover will ensure that regular payment commitments are protected.
"Whole of Life" assurance gives you protection until you die, whenever that is (providing the premiums are paid). This is the kind of insurance that you need for funeral expenses, estate planning etc.
"Partnership and Key Man" assurance protects your company against the loss of a partner or vital employee.
"Business Cover" to protect the shareholders of a business.
Protection Subject Links:
"Term Assurance" provides protection for a set period. Ideal for Mortgage Protection for instance.
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