Family Protection

Family Protection

Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

At Pensionlite we don’t just offer advice about your pensions and retirement – we can also help protect your family and loved ones in the event of serious illness or death. We can help and advise on the following:

  • Life Insurance Cover
  • Critical Illness Insurance
  • Income Protection Insurance
  • Relevant Life Cover

Life Insurance Cover

If you have a young family, a mortgage or a life full of commitments, life insurance is a way to protect yourself should the unfortunate happen. In the event of your death those close to you could find themselves in financial difficulty at a time when they need financial support.

Life insurance could help cover household bills or even the mortgage should you become critically ill or your loved one dies. This gives peace of mind that those close to you will be well looked after in later life.

Critical Illness Insurance

With critical illness cover you will have help and support which will cover the cost of medical bills and care costs. Help is also available with your financial commitments, as well as travelling abroad for treatment should it be required.

Income Protection Insurance

What would happen if you were unable to earn an income due to ill health? How would you be able to support yourself, your family or loved ones? With income protection you would be eligible for support once a doctor has certified you as medically ill.

Relevant life cover

This life insurance policy is tax-efficient and allows companies to offer a death-in-service benefit to its employees. Once set up by the company it will pay out a tax-free lump sum to the person insured upon death or a diagnosis of a terminal illness. The employee’s family or financial dependents will benefit from any proceeds.

Contact Us

If you want to learn more about the type of protection which best suits you and your family – why not get in touch with one of the Pensionlite team today for an initial consultation.