Are you doing enough to protect your family?

 In Fuse blogs

We found that last year, 99% of UK protection claims ranging from critical illness to life insurance were paid out. Even with this near perfect statistic, people are still going day to day without the cover that they need for themselves and their family.

“Life insurance doesn’t pay out” is a term thats been thrown around quite a bit, but with a new record of £5 billion being paid out last year across the board of UK insurers, we beg to differ. Also the industry helped 5,000 people get back into their working life after a period of sick leave, and not to mention all the families they have supported along the way as well.

Taking all this into account, it shows the extent to which protection insurance can successfully safeguard you and your family. So it’s definitely worth having the right level of cover in place to give you peace of mind in case anything was to go wrong.

Maya Prabhu, Head of Wealth Advisory Services says,

“Life insurance has long been considered the cornerstone of financial advice. Most people tend to go for life cover because it’s the cheapest option, but experience shows that people are much more likely to claim under critical illness policies than life insurance – so it’s important to consider all the cover options available to protect your family.”

Critical Illness Cover

Critical Illness Cover pays out a lump sum or regular income if you are diagnosed with a serious condition, it will also payout if you have a heart attack or stroke. If you were unfortunately in the position to make a claim, the money is tax free and can be used to pay off your mortgage, stop working or to pay for your private medical treatment.

Income Protection

Income Protection works a little differently to Critical Illness Cover, it pays out a monthly benefit if you are unable to work through sickness or injury. This kind of policy is highly recommended to those that are self employed, especially if you work in a physically demanding job.

What is the best cover for you?

We know that it can be quite complicated and confusing trying to find the correct policy for your circumstances. But whether you need to protect your income, pay off an outstanding debt or maintain your family’s lifestyle, our friendly advisers can walk you through the whole process and ensure that you and your family have the protection you need.

We work with a number of the UK’s largest insurance providers such as OneFamily, Legal & General and Royal London to name a few, so you can rest assured that we will provide you with a suitable outcome and secure your family’s finances if anything unfortunate was to happen in the future. Get your free no obligation quote today.

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