Chartered Financial Planner • FCA Registered • Independent • Based in Bath
Types of Cover
The type and level of protection needed varies from one person or family to another. Factors such as income, dependants, debts, and existing provisions all play a part. Some clients may only need to cover a mortgage, while others want to ensure long-term income for their family.
Below are the main types of cover we advise on, each serving a different purpose.
Life Insurance
Provides a tax-free lump sum to your chosen beneficiaries in the event of your death. This can help repay a mortgage, replace lost income, or provide long-term financial support to your dependants.
Critical Illness Cover
Pays out a lump sum if you're diagnosed with a serious illness covered by the policy, such as cancer, heart attack, or stroke. This can help cover medical costs, lost income, or lifestyle adjustments.
Income Protection
Offers a regular income if you’re unable to work due to illness or injury. It can help maintain your standard of living while you recover and reduce reliance on savings or state benefits.
Family Income Benefit
Instead of a lump sum, this policy pays out a regular income to your family for a fixed term following your death, helping to provide continuity and financial stability.
Business Protection
We also advise business owners on protection strategies such as key person cover and relevant life plans, ensuring the continuity and security of your business.
Ongoing Support
Protection is not something you set up once and forget about since circumstances change: marriage, children, moving home, changes in income, or health issues can all affect the type and amount of cover you need.
We carry out regular reviews to make sure your protection remains suitable. This includes checking whether cover levels are still appropriate, whether existing policies remain competitive, and whether any new risks should be addressed. We also ensure policies are structured correctly (for example, kept in trust where relevant) so that the right people receive the benefit without unnecessary delays or tax.
By keeping your protection up to date, we help ensure that if the unexpected happens, your financial safety net will still do its job.