Critical Illness & Life Insurance

Critical Illness

Critical illness cover is a form of insurance that helps protect you and your family financially if you are diagnosed with a life-threatening condition or disability. It pays out when the policyholder is diagnosed with one of a number of predetermined critical illnesses, such as cancer, heart attack or stroke. 

The amount received when the policyholder is diagnosed depends on the policy chosen and can be used to help ease any financial burden, such as covering medical bills, lost income due to taking time off work, specialist care or even just day-to-day living expenses. 

As with any insurance product, it’s important to shop around and compare policies to make sure you are getting the right deal for your needs. It’s also important to ensure that you read the finer details carefully before signing up, so that you know exactly what is covered and how much money will be paid out should something happen. 

Put simply, critical illness cover can provide invaluable financial support should you or a loved one become ill, allowing you to focus on recovery without worrying about any financial implications. 

We are on hand to help with this and can provide guidance and advice on which policy is right for yours and your family’s needs. 

Life Insurance

Life insurance is an important form of financial protection that can provide you and your loved ones with security in the event of an unexpected death. It typically offers a lump-sum payment to beneficiaries upon the policyholder’s death, which can be used to cover living expenses, medical bills, funeral costs, or other debts. In addition to providing financial security and peace of mind for family members, life insurance also offers tax benefits and allows individuals to save for retirement. 

While life insurance comes in many forms and variations, it is generally divided into two main categories: term life insurance and permanent life insurance (also referred to as whole life). Term policies are generally less expensive than permanent policies but do not build up cash value over time. Permanent policies are more expensive but offer additional features such as cash value build up and the ability to borrow against the policy. 

It is important to understand your life insurance needs, so that you can select the type of policy that meets your needs. Ultimately, having life insurance in place gives people peace of mind knowing that their family will be financially secure if something happens to them. 

Regardless of which type of life insurance you choose, it is important to seek professional advice to help you find the right policy for your specific situation. Primo Mortgages & Protection will be able to explain all of your different options and help you determine how much coverage you need based on your individual circumstances. 

Additionally, we can guide you through the application process and make sure that all necessary paperwork is completed correctly. With the right life insurance policy in place, you can rest assured that your family will be financially secure if something unexpected happens. 

Get in touch

We aim to provide a professional yet tailored service to all our clients to enable you to find a mortgage that meets your needs. We’re also dedicated to providing outstanding customer service, so you can rest assured that you’re in good hands when you choose Primo Mortgages & Protection