LIFE & INCOME INSURANCE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
What is Life, Illness & Income Insurance?
These insurances are complicated, confusing but extremely important! They can be used to cover your mortgage in the event of illness or your death, and leave your loved ones with a financial lump sum. Most people do not think about what will happen if they weren’t able to pay their bills, but it’s an important question to ask.
The policies are extremely flexible and can start and stop when you want them to and you can choose how much cover you’d like. You must get advice on these policies as there are many different moving parts that you must consider and you’ll need an expert’s opinion. The last thing you want is to find out your policy doesn’t pay out when you thought it would.
LIFE INSURANCE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
Life Insurance
Life insurance will pay out a tax free lump sum should you die during the term of the policy. This can be used in any way your family see fit i.e. pay off the mortgage, funeral costs etc. This is so important if you have children or if you’re buying with someone else as it will remove some of the worry and stress from the rest of your family whilst they’re going through an extremely traumatic time.
CRITICAL ILLNESS INSURANCE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
Critical Illness Cover
Critical Illness insurance will pay out a tax free lump should you be diagnosed with a critical illness during the term of your policy. This can be used to pay the mortgage, pay other debts, seek private medical treatment or just enjoy life with your family…. In short, it’s up to you what you decide to do with the cover. The critical illnesses are defined by a list from the insurance provider before you take out the cover. These illnesses could vary massively so it’s important you get advice on the right policy for you before you decide on a provider.
INCOME PROTECTION ADVICE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
Income Protection
Income Protection is a policy that will pay you a monthly income should your income stop due to accidental injury or illness. The great thing about this policy is it can provide you a regular income until you retire or are able to return to work. Policies can be suited around a varying range of budgets.
Some exclusions may apply depending on certain sports/pastimes and following underwriting. Speak to an advisor to select the right product.
FAMILY INCOME BENEFIT IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
Family Income Benefit
Family Income Benefit is a version of Life Insurance, it differs in that it will pay your loved ones a monthly income should you for a specific term. This can be particularly important for households where there is only one source of income. These types of products help to ensure your family will not have to endure additional stress at an already traumatic time.