Protection for you and your family
If you died or suffered a critical illness how would your family cope
financially?  No-one likes to think about dying but if you don’t consider it,
you may leave your family suffering not just emotionally but financially as well.

That's why life insurance is so important; it can provide a cash lump sum which will help give your family an income or pay off the mortgage at a difficult time.
There are a range of plans available and your TailorMade Financial Solutions Advisor can help you understand what each one has to offer. These include:

Life assurance
This type of policy pays out a lump sum on death minimising your family’s financial hardship. If you are diagnosed with a terminal illness and have less than 12 months to live, you will be paid the lump sum early to give you a chance to sort out your finances.

Critical illness
These policies pay out a lump sum on diagnosis of one of a number of specified critical illnesses.  This could be used to pay off your mortgage and protect the long-term security of your family.

Income protection
An income protection policy pays you a monthly income if you suffer an illness or disability that prevents you from working for an extended period. This helps you to ensure you can continue paying your mortgage and other bills.

Mortgage Protection
These plans are designed to cover the life of your mortgage and pay a cash sum if you die during the term of the plan, if you become critically ill or if you have a specific operation. Cover decreases each month and is designed to reach zero by the end of your mortgage term.
All of these protection plans are designed to provide valuable benefits in return for regular payments throughout the term of the plan. These plans have no cash value at any time so if the plan is cancelled there is no money to be collected.

Please contact our advisors for a full discussion on what cover may be right for you