Protection
Protection products are available as single plans or as a combination:
Term Assurance
Payment of a lump sum tax free on death within a fixed period of years. Mainly used for family protection where level or increasing cover is offered, or used to protect a mortgage where level or decreasing cover may be offered. Terminal illness is usually included.
Family Income Benefit
Payment of an annual sum on death or critical illness within a fixed period of years, and payable for a fixed period of years
Critical Illness Benefit
Payment of a lump sum tax free on the diagnosis of a listed policy medical condition. Total and Permanent Disability payment is usually included.
Income Protection
Payment of a monthly amount in the event of illness or accident, usually a percentage of gross income. Benefits are paid tax free if the individual has taken out the policy, but is taxable if taken out by an employer.
Whole of Life Assurance
These policies continue until, and are paid out at death.
Protection Quote Form
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