Family & Income Protection
Serious illness and the death of somebody young has an impact on all the family emotionally and financially. It is prudent to prepare for all eventualities considering you work hard to build your life to provide for yourself and family. It is therefore sensible to protect this.
Protection Insurance doesn't need to cost the earth. In fact it might not cost as much as you think. Even a relatively small amount of cover would help your family cope for a while. For just £20 a month you could buy £34,000 of Critical Illness Cover*,and the younger you are, the cheaper the cost of a protection plan will be.
What does it cover?
Even that relatively small amount of cover would help your family cope for a while without income. The cover can help to pay the household bills, debts and depending on the severity of your illness, this amount could pay for other things like:
- Private treatment
- Prescribed drugs not available through the NHS
- Changes to your home
- Paying off part of your mortgage
Income Cover for Sickness pays out an income if you're unable to work because of illness or injury.You can choose to cover up to 50% of your gross salary to a maximum of £12,500 a month. And if you make a claim under this cover and then return to work, your cover remains in force in case you should ever need it again.
Critical Illness Cover
Many people will go on to lead a relatively normal life, but they may not enjoy the same mobility or good health that they did before.
Often big changes in lifestyle have to be made and this can affect a person's ability to earn the same salary they did before the illness.
Critical Illness Cover provides you with a lump sum or a monthly income, making it easier to cope financially when you need to concentrate on getting better.
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RedLake Uk Ltd
General: 01827 281526
Fax: 01827 271310
Estate Planning, Will Writing & Probate Service: 01827 287287
Registered Address: Stamford House, Dosthill Road, Tamworth, Staffordshire, B77 1JB