Protection: Safeguarding your existing capital from personal tragedy is as important as creating future wealth.
How much protection you need will depend upon your resources, your dependents' needs and your financial commitments.
Burgess & Lee offers independent advice on four main types of protection:
- Level Term Assurance - typically used to protect families. A single lump sum is payable if the life assured dies within a fixed term. Premiums and payout are fixed.
- Mortgage Protection (Decreasing Term Assurance) - the most common type of life cover. Payments decrease in line with the home loan as it is gradually paid off.
- Whole Of Life Protection - a fixed sum is paid out on the death of the life assured. Premiums continue throughout the life assured and are reviewed typically every 10 years.
- Critical Illness Cover - a sum is paid out if the assured is diagnosed with a specified critical illness - such as heart disease, cancer, stroke or loss of sight/limb - within the fixed term covered.
For help on how best to protect your loved ones, call us on 01202 312288 or email us
View Financial Services Authority guides to:
life insurance
income protection