Providing for your family
Protecting your family and dependents if you are ill and are unable to work, are priorities for many people, especially if you have a mortgage and children. Critical illness and income protection policies can all help lessen the financial burden that your family may face in such situations. Many people, however have expensive, inadequate or the wrong type of cover. We can help you decide on the best options to suit you and your family.
Critical Illness Cover
No one likes to think about the possibility of suffering a serious critical illness, we often have the “it won’t happen to me attitude”, however sadly it can happen at any time and at any age.
If it were to happen to you the consequences could be devastating for the financial security for you, your family and all of your futures. How would they cope? How would you pay your bills and clear your debts if a critical illness happened to you now?
Critical illness Insurance pays out a tax-free lump sum on the diagnosis of a specific illness. A whole range of illnesses are covered including heart disease, cancer and strokes making up 80% of claims.
You can use the money however you want to fund financial commitments, supplement lost income whilst you cannot work, make adaptations to your home or even fund specialist medical treatment.
It is not always a critical illness that can prevent you from working and receiving an income. General ill health or accident can result in reduced income with few employers willing to continue to pay in your absence. The result is a vastly reduced income, but with the bills still coming in and needing paying.
Income protection insurance will pay you a tax-free income if you are unable to work due to an unexpected illness or accident. Income protection Insurance can ease the financial pressure until you get back to work.
If you would like to discuss critical illness or income protection insurance options, contact one of our Financial Services team – call us on 0333 11 222 11 or fill in our online contact form
Follow this link to the FB Wealth Management Limited website.
FB Wealth Management Limited is authorised and regulated by the Financial Conduct Authority