PROTECTION ADVICE IN TRURO & CORNWALL
Protection advice for the things your mortgage depends on
I can help you understand life cover, critical illness cover and income protection, including what each type of policy is designed to do and the important terms, definitions and exclusions to consider.
TYPES OF COVER
Different policies protect against different financial risks
Life cover
May pay a lump sum if the insured person dies during the policy term, subject to the policy terms and any exclusions.
Critical illness cover
May pay a lump sum if you are diagnosed with a specified condition that meets the policy definition, subject to the policy terms.
Income protection
May provide a regular benefit if illness or injury prevents you from working, subject to the policy definition, deferred period, limits and term.
Protection policies vary between providers. Cover, exclusions, definitions, waiting periods and benefit limits should be considered before deciding whether a policy is suitable.
HOW I APPROACH PROTECTION
Start with the risk, then look at the cover
Understand your priorities
We discuss your mortgage, income, family commitments and existing cover.
Identify the gaps
Consider the financial impact if you died, became seriously ill or could not work.
Review suitable options
I explain cover levels, policy terms, definitions, exclusions and costs.
Decide what fits
You can then decide what level and type of cover is appropriate for your needs and budget.
WHAT TO CONSIDER
Policy detail matters as much as the headline benefit
Two policies with similar cover amounts can work differently. It is important to understand the conditions for a claim and how the policy fits with any sick pay, savings or existing cover you already have.
TALK THROUGH YOUR COVER
Understand your protection options before deciding
Book a free initial call with Darren to discuss what you already have, what you want to protect and the options that may be suitable.