Life & Protection Insurance

Life Insurance, Critical Illness and Income Protection

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Life Insurance

Life Insurance is designed to help protect against the financial impact death could have on your family or loved ones. With life insurance, you will have peace of mind that should the unthinkable happen your family will be paid a lump sum that can be used to pay off the mortgage or other debts helping your loved ones at a difficult time. Increase options are available after marriage/civil partnership, divorce, birth of a child or mortgage increase. 

Term life insurance is life insurance that provides cover for a set period of time provided the premiums are maintained. After that period expires the client has to obtain further cover, should it be appropriate and/or needed. If the life insured dies during the term, the death benefit will be paid. Term insurance is typically the least expensive way to purchase a death benefit.

Whole life insurance
is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to a maturity date. As a life insurance policy the insurer will pay the death benefit when the insured dies. Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher.

Keyman insurance is an important form of business insurance. In general, it can be described as an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business.

Critical Illness

Critical Illness Cover is designed to help protect against the financial impact a critical illness could have on you and your family.

How does Critical Illness Cover work? - Critical Illness Cover can be added to Life Insurance or Decreasing Life Insurance for an extra cost. It could pay out a cash sum if you’re diagnosed with, or undergo a medical procedure for one of the specified critical illnesses that are covered during the length of your policy. 

Critical illness affects many people, at any age, and can turn families’ lives upside down. So anyone may have a need for Critical Illness Cover depending on their individual circumstances.

Income Protection

A monthly income if you can’t work.

When you’re ill or injured and can’t work, Income Protection Insurance is there to support you. It pays a proportion of your lost earnings so you can concentrate on looking after your health, and could cover some of your lost earnings, helping you maintain your lifestyle while you’re away from work. You can choose when your payments begin and how long the policy will pay out for if you’re unable to work.

Phillip Taulke-Johnson

Contact Phillip for advice on 07935 136010 or email phillip@unicover.org.uk

Please remember: Protection for Life policies have no cash-in value at any time. If you don't pay your premiums on time your cover will stop, your benefit will end and you'll get nothing back. If the benefit amount has not been paid out by the end of the selected term, the policy will end and you'll get nothing back.