What would happen to you and your family in the event of unforeseen circumstances such as losing your job, serious illness or premature death?
At Aberdein Considine, we can help you protect yourself from the unexpected, giving you financial peace of mind.
Our independent financial advisers specialise in protection products and can help you set up:
As a completely independent provider of financial services products, we have no bias to any product provider or financial institution. This guarantees that the advice you receive is impartial and entirely for your benefit.
Getting the right life insurance policy requires financial planning to make sure you leave enough money to protect your dependents. This needs to take into account debts, such as a mortgage.
There are two basic types of life insurance - 'term life' and 'whole of life'.
The simplest form of cover is 'term life', which involves no investment element and pays out a lump sum if you die within a specified period. The 'term' the cover is set-up for may be the duration of a mortgage, for example.
The other type of protection available is a 'whole-of-life', which, as the name suggests, covers you throughout your entire lifetime and pays out a lump sum upon your death.
We never think a critical illness, such as cancer, is going to happen to us, especially when we feel fit and healthy . However, sadly it can and does.
If the worst does happen, it's important to make sure you're protected against the financial impact such illness could have on you and your family.
Critical illness cover is designed to pay you a tax-free lump sum to help minimise the impact on you and your loved ones.
For example, if you needed to give up work to recover, or if you passed away during the length of the policy, the money could be used to fund the mortgage or rent on your home, everyday bills or even simple things like the weekly food shop - giving you and your family peace of mind when you need it most.
Income protection insurance is a long-term insurance policy that provides a monthly payment if you can't work because you are ill, injured or become disabled.
These policies typically pay out until you can start working again or retire, whichever is sooner.
Our advisers can help you find the best product, tailored to provide the level of income you need should something happen.
If you would like to speak to one of our advisers about opening a protection policy, click here.
The advice we received was tailored to our own circumstances and the monthly repayments far less than our bank had quoted us. Having the opportunity to choose from all UK lenders made a huge difference to us.
J. Griffin, mortgage client
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