top of page

Choosing the right type of cover to protect you and your family is important

  • Writer: ALM Financial
    ALM Financial
  • Feb 25, 2019
  • 1 min read

Updated: Mar 26, 2020


Act now to ensure you remain protected

Making sure you and your family are financially protected should something unexpected happen is one of the most valuable things you can do and will help you avoid a financial crisis

So what type of cover is right for you?

  • Term Insurance pays out a lump sum if you die within the agreed ‘term’ (the amount of time you have chosen to be covered for). Suitable for mortgage protection or while children are financially dependent on you.

  • Critical Illness Insurance pays out a tax-free lump sum on the diagnosis of certain life-threatening or debilitating conditions, like cancer, heart attack or stroke. You may decide to buy Critical Illness Insurance when taking on a major commitment, like a mortgage or starting a family, to provide peace of mind.

  • Income Protection Insurance pays out a regular, tax-free payment of a percentage of your income if you become unable to work because of illness, injury and (on some policies) unemployment. It could help towards your mortgage or rent payments, as well as other living costs, until you’re able to return to work.


Comments


ALM Financial Ltd

49 Church Street, Portadown, Co.Armagh BT62 3EU

T: 028 3839 3050
F: 028 3839 3080

E: info@almfinancial.co.uk

  • Twitter - Black Circle
  • LinkedIn - Black Circle

Approved by The Openwork Partnership on 30/08/2024

Andrews Loynton & McCulla is a trading style of ALM Financial Limited which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Registered address 49 Church Street, Portadown, Co. Armagh, BT62 3EU. Registered Number: NI701108.

 

The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.

Approved by the Openwork Partnership on 15th February 2023

Part of The Openwork Partnership_Logo_Colour_CMYK.png
bottom of page