Protection

The type of insurance policy you might need depends on your situation.

A life insurance policy will pay your dependents a lump sum or regular payments if you die unexpectedly. If you have a partner or children, life insurance can provide you with the reassurance that they will be able to cope financially without you.

You might consider getting short-term income protection insurance. This type of policy will pay out a monthly sum, for a set period of time, if you lose your source of income due to illness, injury or redundancy.

You might consider critical illness cover, which will cover you in case you are diagnosed with a specific type of life changing condition.

Payment protection insurance will support you if illness or redundancy means you can’t meet regular payments of your debts.

Payment Protection Insurance is optional. There are other providers of Payment protection Insurance and other products designed to protect you against loss of income.