Personal PROTECTION

Mortgage Protection - Taking the worry out of your mortgage.

Mortgage Protection Life Cover provides a lump sum payment if the life assured dies during the term of the contract. Mortgage Protection with Accelerated Specified Illness Cover provides a lump sum payment on the earlier of death or the diagnosis and certification of a specified illness during the term of the contract. This benefit decreases over the term of the contract in line with the outstanding capital owed on a mortgage based on an assumed interest rate of 6%.

Flexible Protection Cover - Protection tailored to safeguard you and your family.

1. Specified Illness Cover

Specified Illness Cover provides a lump sum payment on the diagnosis and certification of a specified illness as defined in the contract. The cover is available on both a standalone or accelerated basis (under a term cover or mortgage protection policy) and can also be taken out with a conversion option.

2. Term Cover

Level Term Life Cover provides a lump sum payment if the life assured dies during the term of the contract. Convertible Term Life Cover gives the option for partial or full conversion, at any time during the plan term, to an alternative plan type without requiring additional medical evidence.
An Executive Retirement Plan allows you to provide for your pension fund independently of the company assets and it's future profitability. It is designed specifically to take full advantage of the generous tax relief that is granted to company pension arrangements.

3. Guaranteed Whole of Life Cover - Peace of mind for the whole of your life.

Guaranteed Whole of Life Protection ensures that the people that matter most to you are financially protected if you die. The policy provides a form of life assurance known as whole of life assurance, which means the cover lasts for the whole of your future lifetime. If you require life assurance for a particular term (e.g. to age 65) then a term assurance policy may be better value for you. This product has been designed to provide a lump sum to your dependants following your death or terminal illness.

The main reason for taking out a Life Guaranteed Whole of Life Plan is that under certain conditions it can be used to protect your family against a large inheritance tax bill when you die. This tax is known as Capital Acquisitions Tax (C.A.T.). Often a tax charge is so large that the recipient of an inheritance is forced to sell all or part of that inheritance or borrow funds in order to pay the tax. This plan will provide a lump sum when you die which can be used to pay the tax bill that arises. In this way, the inheritance tax burden for your family can be greatly reduced.