PROTECTION INSURANCE AND COVER
You can buy many types of Protection Insurance that will safeguard you in different ways depending on your circumstances.
At Vision Financial we are able to advise you of what may be useful to you in order to safeguard your wealth in the future.
Income Protection Insurance
Concerned that you may not be able to work due to accident or sickness? Set your mind at rest with an income protection policy, which will pay you a regular income.
Mortgage Protection Insurance
Protecting your mortgage payments against accident or sickness is increasingly important. See what’s involved and whether the mortgage protection you need, or have, is the right one.
Life Protection Insurance
There are two types of life protection – investment-type insurance and term insurance. Investment-type insurance includes policies that pay out on a certain date or when you die, whichever comes first. Term insurance pays a lump sum if you die before a set date.
Critical Illness Insurance
Critical illness Insurance is a long-term insurance policy, generally designed to pay a lump sum on the diagnosis of certain life-threatening or debilitating (but not fatal) conditions.You can use the payout to pay for medical treatment, mortgage or anything else you need.
Key Person Cover Insurance
If you believe that the death, critical illness or disability of an employee or employees would impact on the profitability of the company, then you could be wise to take out insurance to cover that eventuality and Key Person Cover is just the policy for you.
Share Holder Protection
You may have taken out key person cover on members of staff who would be difficult to replace and whose loss would impact on the business. But have you considered what would happen if a chief shareholder was to die?
Business Protection Insurance
From small business insurance to offering your employees benefit packages that include financial products or insurance. This type of insurance can help you to build loyalty and retain talent where it’s most needed, plus much more.
The term ‘medical insurance’ can involve several aspects of protection, from travel insurance to dental insurance. You might prefer cover that will allow you to ‘go private’ rather than rely on the NHS?