What is a Insurance?
As we know it in the United Kingdom
In the UK, insurance and protection serve distinct purposes but work together to safeguard individuals and their assets. Insurance typically refers to specific policies, such as car insurance, home insurance, or travel insurance, which provide financial coverage against specific risks or incidents.
These policies offer reimbursement or compensation in the event of accidents, damage, theft, or other covered events. On the other hand, protection encompasses a broader range of policies designed to provide comprehensive coverage for individuals and their families.
This includes life insurance, critical illness cover, and income protection, which offer financial support in the face of unforeseen circumstances, such as illness, disability, or loss of income. While insurance focuses on specific risks, protection offers a more holistic approach to safeguarding individuals' financial well-being and ensuring peace of mind. The main Insurance Products a Mortgage Brokerage like ourselves cover are:
‣ Home Insurance
‣ Health Insurance (PMI)
‣ Life Insurance
‣ Income Protection
‣ Fracture Cover
‣ Critical Illness Cover
'Protection Insurance' explained:
You will commonly see Mortgage Brokers & Advisers use the term, 'Protection'. Protection refers to the term of Insurance Products that protect families against death, sickness or injury. This will either be in the form of a lump sum or a monthly figure. These are commonly nown as Life Insurance, Critical Illness Cover or Income Protection.
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Our protection advisers are here to simplify the complexities of insurance. Whether you are looking to protect your family or mortgage against death, or protect your Income as a result of sickness/Injury, we're here to listen to your needs.
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Life Insurance
Life insurance plans are crafted to provide essential financial protection for individuals and their loved ones. Explore our range of life insurance options designed to meet diverse needs, offering a reliable foundation for the future.
Apply
Secure your future with our Life Insurance Pre-Application. Apply now to kickstart the process, and our experts will analyse your lifestyle, medical history, and occupation to provide a personalised quote, ensuring comprehensive coverage. Your protection starts here.
Fracture Cover
Secure peace with Fracture Cover. Defend against unexpected fractures from sports or daily activities. Receive lump sums in addition to Life Insurance or Income Protection. Your safety, our commitment.
Income Protection
Safeguard your financial stability with Income Protection. Receive a steady stream of income during illness or injury. Ensure financial security, even when unable to work. Your income, our protection.
Home Insurance
Secure your property with Home Insurance – a legal obligation for homeowners. Ensure the right cover with high-rated De-Faqto insurers. Safeguard your home comprehensively.
Health Insurance (PMI)
Prioritise your health with Private Healthcare. Escape NHS wait times and access prompt medical care. Choose comprehensive Health Insurance for timely and tailored services. Your well-being is our wellbeing.
Other Protection or Insurance Products
Two other examples are:
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Critical Illness Cover:
- Lump sum payouts for specified critical conditions
- Extra layer of financial security
Relevant Life Cover:
- Tailored life insurance for business owners and directors
- Tax-efficient protection for your loved ones