Protection

Critical Illness

Critical illness cover is an independent policy that can be purchased alongside or independently of life insurance, without impacting your life insurance if obtained separately.

In some instances, individuals in peak health may receive diagnoses for illnesses beyond their control, such as cancer. Critical Illness benefits are paid regardless of the life insured´s capacity to work. The funds offer flexibility for the Policy Owner’s choices, whether aimed at debt reduction, pursuing specialised or alternative medical treatment, or facilitating lifestyle changes (such as reducing working hours). This coverage can be seamlessly combined with life insurance and provides a lump sum benefit upon the occurrence of defined Critical Illness events.

Relevant Life insurance

For company directors and self employed. Relevant life insurance offers the same benefits as a standard personal life insurance policy except that it is paid for by your company and the premiums paid are usually eligible for corporation tax relief.

Although the premiums are paid for by the company it is important to note that any benefit is ultimately paid to the family of the employee (via a relevant life trust) rather than to the company. A Relevant Life Plan allows employers to give death-in-service benefits to their employees outside of a registered group life scheme. Our Relevant Life Plan is available as a stand-alone, single life plan. Premiums can be treated as an allowable expense for the employer in calculating their tax liability, as long as they qualify under the ‘wholly and exclusively’ rules. In most cases the benefits are paid free of inheritance tax – provided they’re paid through a discretionary trust. You may have the option to add a critical illness cover to this policy.

Home insurance, also known as house insurance, safeguards your residence and its contents in the face of unforeseen events. This policy aids in covering the expenses arising from unavoidable damages to your home, such as fire or flood damage, and facilitates the replacement of stolen valuables in the event of burglary.

While home insurance is not obligatory for homeowners or renters, securing a mortgage often requires obtaining buildings insurance as a condition for loan approval. For tenants, the responsibility typically involves covering personal belongings, as the landlord is usually responsible for the buildings cover.