Sabena: Critical Illness

When Sabena was diagnosed with cancer at age 47 her immediate thought was for her family and their financial future. Thankfully, because of her critical illness policy she had taken out with us, Sabena was able to make a claim and focus on getting better. The lump sum payment she received from her claim was enough to pay off the remaining part of her mortgage and her credit card debt. This left Sabena with time off work to recover and go on hospital trips with the knowledge that her financial commitments were all paid for the foreseeable future.

Whilst the main three claims for critical illnesses are cancer, heart attacks and strokes, such policies now cover a wide range of illnesses subject to the insurance provider. It is also possible to add child cover and pregnancy cover.

Tony: Income Protection Policy

When Tony a self-employed plumber broke his leg after a car accident, he was left unable to work for 10 weeks whilst he recovered. Self-employed people do not receive statutory sick pay, but Tony had taken out an income protection policy through us which meant he was able to receive a portion of his income still whilst he was off work. The insurance company even helped pay for Tony to have physiotherapy to help him get back to work as soon as he was ready. Had Tony not had income protection he would have had to rely on savings to get by until he got back to work.

We rely on our monthly income more than anything to maintain our lives. Whether you are employed or self-employed, income protection can give you security by paying your income if you are unable to work due to accident or illness.

Lily and George: Joint Life Term Insurance

When Lily and George took out a joint life term insurance policy with us, they did so to protect themselves and their young children Oscar and Isla for the future. Having a young family and an outstanding mortgage of £400,000 meant that if Lily or George unexpectedly passed away the family would struggle to cope with the financial burden left behind. With their new policy Lily and George were left with peace of mind that the surviving spouse would receive a lump sum payment, providing them with financial security when they needed it most.

When deciding how much life-cover a person needs, we like to recommend at least 10 times your annual salary. We feel that this figure provides enough money to pay off any outstanding mortgage and cover your dependents’ future for years to come.