Life insurance can pay your dependents money as a lump sum or as regular payments if you die. It’s designed to provide you with the reassurance that your dependents will be looked after if you’re no longer there to provide. The amount of money paid out depends on the level of cover you buy. You decide how it is paid out and whether it will cover specific payments, such as mortgage or rent.
Income protection insurance can replace up to 70% of your income if you become unable to work because you’re ill or injured. You can choose both the amount you wish to be insured for and the period of time from when you have become unable to work until the time that the benefit begins to be paid.
Critical illness cover, also known as critical illness insurance, is a long-term insurance policy which covers serious illnesses listed within a policy. If you get one of these illnesses, a critical illness policy will pay out a tax-free, one-off payment. This can help pay for your mortgage, rent, debts, or alterations to your home, such as wheelchair access, should you need it.
Charterhouse Financial Solutions is registered in England and Wales: Fiscal House, 367 London Road, Camberley, Surrey, United Kingdom, GU15 3HQ. Company Registration Number 11740944.
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