Income Protection Insurance to maintain your income during ill health, Critical Illness Cover to provide a lump sum to pay off your mortgage or pay for additional treatment and Life Insurance to assist your loved ones after your death.
1. What will happen to me (and my family), if I become seriously ill, or cannot work due to accident or illness?
2. What will happen to my family if I were to die?
Did you also know that some insurance policies give additional benefits, like 24/7 GP access for your family, 2nd medical opinion if you become ill, or support services for physio, mental health, or after bereavement.
All policies are not the same - we’ll find the best one for you within your budget.
Whether it be level life cover or decreasing life cover (to pay off the mortgage), or a joint policy, or separate policies.... we advise on the best policy for your circumstances and will recommend the insurance company offering you the most comprehensive policy with the best premiums.
If appropriate we can also place your policy in Trust to ensure that your payment goes directly to the person/people you wish to benefit, and ensure the pay-out is not caught up in probate or inheritance tax
Critical Illness Cover pays out a tax-free lump sum if you are diagnosed with a critical/serious (but not necessarily terminal) illness.
It pays out on diagnosis and can be used to replace your lost income whilst you are off work recovering; to pay for additional treatment; to pay off your mortgage, or to make alterations to the house - such as a wheelchair ramp.
With Critical Illness cover, most claims are for Cancer*, Heart Attack, Stroke, MS and children’s critical Illness. Critical illness policies vary greatly in which illnesses and events they pay out for. There are some excellent policies and some ‘not so comprehensive’ policies. We will guide you, explain the differences and recommend a policy which meets your needs to ensure you are covered if you need to claim.
* Statistically 1 in 2 of us are going to be diagnosed with cancer during our lifetime. Protecting yourself and your family is very important to consider.
*Cancer Research UK, Accessed May 2019.
If the Coronavirus has done anything, it has highlighted how much we rely on our incomes each month to maintain our lifestyle.
Questions people ask:
Income Protection is like ‘buying your own sick pay’. It is designed to give a tax-free salary replacement if you cannot work due to any accident, sickness or disability.
With Income Protection, the claim criteria is simple; if your GP signs you off as unable to work in your occupation, due to illness or accident - it pays you a regular weekly or monthly income which can continue until you return to work, or until you retire.
Rather than a lump sum pay-out; in the event of your death or being diagnosed as terminally ill, a Family Income Benefit policy provides a tax-free monthly payment to your family.
It is ideal for families with children; the regular income helps cover living and other expenses.
You choose how much of your current income is paid and for how long.
We will guide you through the decision making process and recommend a product which will adequately look after your family, if needed.
Whitman Insurance Solutions arrange protection insurance for individuals and businesses.
The guidance and/or information contained in this website is subject to UK regulatory regime and is therefor targeted at consumers based in the UK
Approver Quilter Wealth Limited, Quilter Financial Services Limited and Quilter Mortgage Planning Limited October 2024
Whitman Insurance Solutions
Whitman Insurance Solutions is a trading style of Lifetime Wealth Management Limited, which is an appointed representative of Quilter Financial Services Limited, Quilter Mortgage Planning Limited & Quilter Wealth Limited, which are authorised and regulated by the Financial Conduct Authority and registered as 440703, 440718 and 217742 respectively.
Lifetime Wealth Management Limited is registered in England and Wales, No:4631136. Registered Address: 12-14 Upper Marlborough Road, St. Albans, Hertfordshire, AL1 3UR.