Category: Life Insurance

There is no better feeling than giving your loved ones a gift, especially over the festive season. Is there any greater gift than protecting your family’s future? Why not put a little extra thought into your gifts this year and give you and your loved ones peace of mind?

The gift that keeps giving

All year we work hard to provide our loved ones with everything they need; a roof over their head, food on the table and all the little things throughout the year.

Life insurance ensures that you can still contribute to the lives of those you love, should the worst happen to you. Life insurance is important to you because your family is important to you.
Spending your hard-earned money on life insurance might not be as exciting, but it could prove to be valuable in the future.

Whether it is replacing lost income, securing your child’s education or making sure your partner is supported, life insurance plans can offer an essential lifeline when needed most.

How much will it cost me?

Life insurance plans are based on a variety of criteria including lifestyle, health, age and the amount you want to cover. These policies often require regular premium payments over an extended period of time, as life insurance is a long-term commitment.

According to the website iaminsured, the average cost is around £38 per month with
some plans starting from as little as £5 per month. This is a small price to pay which allows your family and loved ones to have financial security for the future.

Preparing for the future

If you have a partner or children, life insurance can provide you with the peace of mind that they will be able to cope financially without you. Think of it as a way to prepare for the future and the unexpected possibilities that might happen.

So, whether you have planned ahead or are still thinking of what to get your loved ones this year, don’t be a scrooge, take a moment to consider giving yourself and those you love a gift to show how much you care.

For more information, contact us now and we can discuss the options available to you.

Throughout the years there have been multiple facts and figures published, highlighting the impact of smoking on your health. It’s no secret that your smoking status will significantly influence your chances of suffering from certain conditions, which is why critical illness cover (CIC) is so important.

Is CIC worth it?

Smoking can increase the risk of suffering from cancers, heart attacks, strokes, heart diseases and more. Critical Illness Cover is designed to pay a lump sum if you get a serious illness, injury or can’t work.
Many CIC policies are partnered with life insurance, however you are able to get separate cover allowing you to decide how much cover you need and for how long.

Consider getting CIC if you and your family heavily depend on your income, you don’t have enough savings to cover you should you become seriously ill or disabled, or you don’t have an employee package to cover time off work. You may not need CIC if you have no financial commitments or have a partner who can cover living costs and commitments, should you become seriously ill.

How does it work?

You will typically be asked to complete a health questionnaire during the application process, alongside a review of your medical records.

It’s essential to state all existing health conditions when you apply. These details will then be considered to determine how much you need to pay.

Once active, you can make one claim if you’re diagnosed with a specific illness. This tax-free lump sum can be used for anything you like, whether you want to pay off the mortgage, cover lost income or health-related costs.

What should I watch out for?

There are scenarios where a policy won’t pay out at all. Most policies will exclude claims where an illness is a result of self-harm, alcohol and/or drug abuse or taking part in extreme sports.

Time limits may also be in place, such as not being able to claim within the first 90 days or if you die within a month of being diagnosed with a critical illness.

If you want to know more or find the best deal, contact us to take you through the details of the policies available and help you choose the right one.

New research highlights an ‘alarming link’ between the rising costs of living and declining health across the UK population. The protection industry can have a positive influence, providing the tools to help you manage your health in 2023.

Cost-of-living pressure

The cost-of-living pressure could trigger a global health crisis, with the current economic environment having a considerable impact on the health and wellbeing of the nation. Reports found that 45% of UK adults believe it has become too expensive to stay healthy, with 12% experiencing increased medical expenses. Research also found that 73% of 16–24-year-olds are stressed about the rising cost of staying healthy.

Protection: How it can keep you healthy

Most comprehensive protection plans can help you and your family stay healthy, despite cost-of-living pressure. Most insurance providers throughout the UK offer a variety of services, from nutrition to fitness and everything in between, helping to achieve a healthier lifestyle and reduce the risk of illness.

Additional added-value benefits, such as second medical opinions, health checks and gym membership
discounts, can keep you healthy throughout the current economic crisis.

Protection plans can also improve your mental health, so it’s crucial to make the most of the support available to you. Many people don’t utilise their cover, so it’s worth checking the added-value benefits available to you whether you already have a plan or if you are looking for one.

Time to take action

It’s never too late to protect you and your family. The earlier you start looking at the options available to you, the sooner you can work towards building a healthy lifestyle and fight back against the cost-of-living. There’s nothing more important than your physical and mental health, so what are you waiting for?

For more information, contact us so we can support you and discuss the options available to you.