Securing Your Future: Protection Insurance.

Life is full of uncertainties, but protecting what matters most shouldn’t be one of them. At Active Mortgage Services, we offer personalised advice to help you secure the right protection insurance, ensuring you and your loved ones are financially safeguarded against life’s unpredictable twists and turns. Our expertise spans three key areas of protection: Life Insurance, Critical Illness Insurance, and Income Protection Insurance. Here’s how each of these can provide peace of mind for you and your family.

What is Protection Insurance?

Protection Insurance is designed to offer financial security when unforeseen events threaten your wellbeing, health, or income. It acts as a safety net, providing a payout in times of need—whether it’s replacing lost income, clearing debt, or helping your family maintain their standard of living. Let’s take a closer look at the main types of protection insurance:

Life Insurance: Providing Financial Security for Your Loved Ones

Life Insurance pays out a lump sum or regular income to your chosen beneficiaries if you pass away during the term of the policy. It’s about making sure your loved ones are taken care of and can manage financially without your support. This type of insurance is especially crucial if you have dependents who rely on your income, such as children or a spouse.

Types of Life Insurance:

• Level Term Life Insurance: Provides a fixed payout amount if you pass away within a specified period.
• Decreasing Term Life Insurance: The payout reduces over time, making it ideal for covering debts like a mortgage, which also decreases as it is repaid.
• Whole of Life Insurance: Covers you for your entire lifetime, ensuring a guaranteed payout whenever you pass away.

Our experienced advisers will work with you to determine the appropriate sum assured and length of cover based on your personal circumstances and financial goals.

Critical Illness Insurance: Supporting You When You Need It Most

A serious illness can turn your life upside down—emotionally, physically, and financially. Critical Illness Insurance provides a lump sum payout if you’re diagnosed with a specified critical illness such as cancer, heart attack, or stroke. This payout can be used for any purpose-such as replacing lost income or funding any necessary lifestyle changes while you focus on your recovery.

Key Features of Critical Illness Insurance:

• Cover for a wide range of serious illnesses, with some policies including partial payouts for less severe conditions.
• Financial support for adapting your home, seeking private treatment, or even taking time off work.
• Optional children’s critical illness cover to protect the whole family.
  

With our guidance, you’ll have clarity on what conditions are covered and which type of policy will provide the best protection for your health and financial security.

Income Protection Insurance: Keeping Your Finances Stable During Ill Health

If an illness or injury prevents you from working, Income Protection Insurance can provide a monthly income to help you keep up with bills, mortgage payments, and day-to-day living expenses. Unlike Critical Illness Insurance, which pays out a lump sum for specific conditions, Income Protection focuses on replacing your lost income for as long as you’re unable to work—up until the policy end date or your return to work.

Why Consider Income Protection?

• Pays a regular income, typically a percentage of your salary, until you recover or retire.
• Covers a range of conditions and illnesses that prevent you from performing your job, including mental health issues.
• Flexible waiting periods and payout terms to suit your budget and needs.

Income Protection is often overlooked, but it’s one of the most comprehensive forms of protection available, especially for self-employed individuals or those without a generous sick pay scheme from their employer.

How We Can Help

Our role is to provide clear, unbiased advice to help you make an informed decision about which types of protection insurance are right for you. We’ll discuss your current situation, any existing cover, and your priorities, to tailor a plan that meets your needs and budget. Our recommendations will always be based on a detailed understanding of your unique circumstances, giving you the confidence that your financial future is in safe hands.

Get in Touch for a Personal Consultation

If you’re unsure which type of protection insurance is right for you, we’re here to help. Book a free consultation with one of our advisers today, and let us guide you through the options to find the perfect solution for your family’s peace of mind.