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Protecting You and Your Family
Personal protection services such as life insurance, critical illness cover, and income protection can help you provide for your loved ones should the worst happen. This means that when you suffer a loss of income your finances are under control and remain the least of your worries.
Protecting your family from financial difficulties isn’t just about having savings and investments to provide for the long term, it’s also about ensuring your loved ones are provided for should you become critically ill or die unexpectedly. By acting now, you can help to remove or reduce the financial burden that can make a stressful time unbearable and protect your family’s financial future.
At David Allen, our knowledgeable financial advisers will help you to prioritise and decide which levels of life insurance and income protection are most suitable for you and your family by assessing your individual circumstances and guiding you through the solutions available to you; regardless of whether you are single, married, have dependent children or older children who have left home.
Our advisers are experts in the different types of financial protection and are dedicated to helping you find the right cover for your personal circumstances. Whatever your needs, we will help ensure that personal tragedy does not turn into a financial crisis.
Life Insurance
Life insurance, or life cover, will provide you and your family with the peace of mind that you have suitable plans in place should an unexpected tragedy occur. If you have children or an outstanding mortgage, you should consider a life insurance policy as ensuring you have financial provision for your family in the event of your death is vital.
There are different types of life insurance cover available, including decreasing term life insurance (commonly referred to as mortgage protection), level term life insurance or whole of life insurance. Don’t let the jargon discourage you; our dedicated financial protection consultants will work with you to ensure you have the appropriate level and type of life cover in place.
Income Protection
Income protection will ensure you have sufficient income to meet your daily household bills and lifestyle costs should you become unable to work due to illness or injury. An income protection policy will protect your income to make certain that these costs are covered.
The benefit of an income protection plan is the flexibility it provides. You can choose from a short-term or long-term cover and it can be individually tailored to your own personal circumstances to complement an existing employer’s sick pay arrangement, to ensure that you get the cover you need and don’t over-insure yourself.
At David Allen, we have access to the whole of the market and can research and source the most suitable income protection plan to you, by protecting what matters the most; you and your family.
Critical Illness Cover
Critical illness cover, or critical illness insurance, is a long-term policy protecting the insured party against a number of serious illnesses. This type of protection pays out a lump sum on diagnosis that can be used to pay off mortgages and other debts, cover outgoings such as school fees, or to adapt living arrangements to your new circumstances.
Critical illness cover provides peace of mind that should you become critically ill you are covered. These benefits can be added to your other protection policies, and by speaking to one of our financial protection consultants at David Allen you can create a ‘menu plan’ of protection to ensure that all your needs are met.
Private Medical Insurance
Private medical insurance is a policy that covers the cost of private health care in the event of becoming unwell or needing medical treatment. You pay a monthly premium and then, in the event of needing to access private healthcare, the policy will cover the costs of this. The treatments and conditions covered vary by policy and may include:
- Hospital accommodation and nursing care
- Consultations, tests, surgeries, and therapy
- Medicines and drugs which may not be available on the NHS
Having private medical insurance has many advantages, including shorter waiting times for consultations and treatments and flexibility and choice regarding the healthcare provider, hospital and consultant used. This can be seen as a valuable investment into health and well-being and can provide peace of mind for you and your family.
The level of private medical insurance varies, but here at David Allen, we can help you find the most suitable cover for your needs, circumstances, and budget.
