Find out more about the protection products that can provide peace of mind for you and your family, should the unthinkable happen.
When we talk about protection, we are referencing the products that make sure your home and family will be looked after if you become ill or die – when the last thing your loved ones will want to think about is how they’ll pay the mortgage.
Nobody likes to dwell on this, but it’s so important you consider it when you’re taking out a mortgage, particularly if people are financially dependent on you. The threat of critical illness is real, and it’s our responsibility to be financially prepared for it.
There are various products available; we’ve outlined a few of them below.
Life
insurance
This pays out a lump sum upon death, so that family members can continue to cover expenses.
Critical illness cover
This pays out a lump sum if you’re diagnosed with an illness. The illnesses covered vary between providers, but usually include strokes, heart attacks and cancer.
Income protection
This is a bit like having your own personal sick pay. It provides regular payments if you're unable to work due to illness or injury.
