This type of cover can pay out a (tax-free) lump sum on the diagnosis of certain life-threatening or debilitating illnesses, or if you have to undergo certain types of surgery.

Income Protection Insurance is designed to pay you a regular tax-free monthly income if you become unable to work due to illness or injury.

Life Insurance (sometimes known as Life Assurance) helps provide financial security for people who depend on you, should you die.

Payment Protection Insurance can provide a monthly income to help cover your regular outgoings if you can’t work due to an accident, illness, injury or, as an optional extra, unemployment.

Far from being a luxury, Protection Insurance should be considered essential, especially if you have a family or people that rely on your income.

Making sure you have the right insurance for your home could provide real peace of mind.

Also known as ‘key man insurance’, this can compensate a business for financial losses arising from the death, or extended incapacity, of a specified employee or director.

This can provide a business partnership with the funds to ‘buy out’ or compensate the deceased’s dependants, should a business partner die.

In the interests of financial security, business stability and continuity, it is essential to provide a safety net following the loss of a shareholder.