Insurance Policies


What Is Insurance

The main purpose of insurance is to provide money for yourself or those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.

It can provide the reassurance of financial protection for you, your family and your business associates.

Even if there are no dependants who may be financially affected by your death, some insurance policies could go towards covering funeral costs, paying off debts left behind or leaving money to charities.

The type of insurance and the amount of cover will depend on an individual’s particular circumstances and requirements. Factors to consider will include age, dependants, level of income and financial liabilities.

Premiums are normally paid to the insurance company either monthly or annually for a fixed period of time or in some cases, until death.

The Value of Protection

Far from being a luxury, insurance should be considered essential, especially if you have a family or people that rely on your income, or if you would be in financial difficulty if your income was no longer available.


Types Of Insurance

Life Insurance

(sometimes known as Life Assurance) 

Helps provide financial security for people who depend on you, in the event of death.

Family Income Life Insurance

Designed to provide your family with a monthly benefit should the worst happen.  This can help with mortgage, replace lost income and help with costs of bringing up children.

Income Protection Insurance

Can provide a monthly income to help cover your regular outgoings if you can’t work due to an accident, illness/injury or, often as an optional extra, unemployment. 

Critical Illness Insurance

This type of cover can pay out a (tax-free) lump sum on the diagnosis of certain life-threatening or debilitating illnesses, or if you have to undergo certain types of surgery.

Accident Insurance

Will protect you for accidents that happen, usually paying out a lump sum for a specific injury.