Frequently Asked Questions (FAQ)

There can be lots of different types of insurance out there. Here is a brief explanation of the types of cover we offer

What is Term Life?

Term is a type of life insurance that provides a potential death benefit for a fixed period or “term.”  This is commonly a flat premium for say, 5, 10, 15, 20, or 30 years.  After the end of the term the policy no longer provides a death benefit.

What is Mortgage Protection?

Mortgage payment protection insurance (MPPI) is a type of payment protection designed specifically to cover mortgage loan repayments against the risk of having to take time off work as a result of accident, sickness or unemployment.

What is Whole of Life Insurance?

Whole of Life insurance is a life insurance plan designed to cover your client for the whole of their life which pays out a lump sum upon death

What is Critical Illness Cover?

Critical illness cover, also known as critical illness insurance, is a long-term insurance policy to cover specific serious illnesses listed within a policy. Should the worst happen, it gives a tax-free ‘lump sum’ – a one-off payment, to help pay for your mortgage or rent, debts, or pay for alterations to your home such as wheelchair access should you need it.

What is Income Protection?

Income Protection Insurance (IPI) is an insurance policy paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident.

What is Business Protection Insurance?

Business protection is a way of helping to protect against possible financial losses in the event of the death or specified critical illness of a business owner or key individual, during the length of the policy. It can also pay out if you are terminally ill.

What is Relevant Life Insurance?

A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It is designed to pay a lump sum if the employee dies whilst employed during the length of the policy.

How does it work

Click on to the insurance sourcing system and fill out all of the relevant information and get prices and illustrations. Easy! Our partner firm at LifeQuote will then contact you and ask some medical questions required to get the plan in place