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Life Alliance
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Protect the things you value most. Life Insurance is a great way to help protect your family from the financial worries they could face if you were no longer around. Life insurance pays out a cash lump sum if you die within the term of the policy. Cover is usually on a level or decreasing basis.
Level Term Assurance
This will give you the same amount of cover throughout the life of the policy and will pay out that amount if you make a successful claim.
Decreasing Term Assurance
This is sometimes known as Mortgage Term Assurance – and will decrease over the term, usually to match your decreasing mortgage amount and pay out the current amount when a successful claim is made.
Family Income Benefit
This is a Life Assurance plan that pays a tax-free monthly income rather than a lump sum. This makes it easier to pay for the monthly costs of running your household and covering school fees.
Life Insurance
Critical Illness Cover
If the worst happens and you’re diagnosed with a critrical illness, it’s important to make sure you’re covered against the financial impact it could have on your family. Critical Illness and insurance policies pay out a cash lump sum when you are diagnosed with a particular illness or suffer injury from a serious accident.
Policies vary depending on the provider, so it’s important to understand the differences. For example, the number of illnesses covered, definitions, partial payments and claims-to-payout ratios.
In the event of your diagnosis, money paid out from a Critical Illness policy could be used to help maintain your standard of living, pay off your mortgage and, if needed, pay for private healthcare.
Children’s Critical Illness Cover
Many insurers also offer Children’s Critical Illness cover at no extra cost. This protects children from 30 days to 21 years of age and up to £50,000 tax free, per policy, per child.
This money could:
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Enable you or your partner to take some unpaid leave to be with your child
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Pay for private medical care and specialist equipment
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Help to fund a special treat like a family holiday
At Life Alliance we understand the different types of cover available and can help you decide what is right for you. Call today to arrange a meeting to discuss your family insurance needs to make sure you and your family are financially secure – whatever happens.
Income Protection
We all insurance our cars and our homes but we don't look after what pays for it all: our earnings. How would you pay the bills if you were sick or accidently injured and couldn't work? When the unexpected happens, we know what matters is peace of mind from a policy you can trust.
Income protection policies can be straightforward, simple to arrange and individual to you, providing:
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An income to replace any loss of earnings due to ill health or accidental injury.
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An insurance that is affordable and easy to arrange; helping to give peace of mind to you and your family.
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Continued benefits if you go back to work in a reduced capacity, with reduced salary.
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Tax free payments.
Income protection is designed to typically protect up to 70% of your gross salary if you are unable to work due to accident, sickness or disability. Income protection can claim a wide range of situations and has the potential to pay for many years, even up to retirement age.
Life Alliance can talk you through the options available from our panel of well known insurers and advise on the right policy for you.
Whatever you situation, it will give you peace of mind to know you're making the right choices.
