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PM Independent Financial Services

05 - Feb - 2012

Sound, reliable financial advice in Skipton, Burnley, Colne and the surrounding area.

Income Protection

Income Protection & Life Protection in Lancashire

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Life protection in Lancashire

There are two main types of life assurance depending on the level of protection you're looking for - Term Assurance and "Whole of Life" Assurance.

Term Assurance:

A lump sum if you die within a set period

A tax-free cash lump sum is paid to your dependents if you die unexpectedly during a specified term - for example, during the life of your mortgage or while your children are dependent. Choose either.

  1. Level Term Assurance: the sum paid will be the same throughout the period of the plan.
  2. Decreasing Term Assurance: the sum paid reduces over the term. This is often used to ensure that a reducing debt, such as a repayment mortgage, is repaid should the policyholder die during the term.

Whole of life:

A lump sum when you die

This cover provides protection throughout your lifetime. A cash lump sum will be paid to your dependants when you die (so long as the premiums are maintained). Cover provided can be flexible as your needs change.

Critical Illness:

This benefit will pay a tax-free cash lump sum if you're diagnosed as suffering from certain critical illnesses, ensuring that your finances at least remain in good health.

Income Protection:

Income Protection Benefit is designed to provide you with a monthly income if you're unable to work as a result of long-term sickness or incapacity.

The amount you pay in premiums is related to the level of benefit you want, which is usually related to the amount you earn.

If you're a homemaker and don't receive a salary, or you work less that 16 hours a week you can still apply for income protection up to a certain level. This could help with the cost of looking after children in the event that you fall ill or have an accident.

Contact us

So, for life protection in Lancashire or life protection in Yorkshire, please feel free to get in touch with the friendly team here at PM Independent Financial Services. We are your local experts in all aspects of financial services, and are looking forward to your call.

  • Buy to Let Mortgages are not regulated by the Financial Services Authority. The contents of this website are intended for information only and do not constitute professional advice. For further advice and information please contact one of our experienced advisors on 0800 056 0 789 PM Independent Financial Services is authorised and regulated by the Financial Services Authority (FSA Register number 163292. 1 Greystones, Off Skipton Road, Trawden, Colne, Lancashire, BB8 8QS.Buy to Let mortgages are not regulated by the Financial Services AuthorityWe will not charge you a fee for our advice. We will be paid commission from your mortgage lender. Should you submit an application and subsequently withdraw it, we reserve the right to charge you a fee of £250.00 plus VAT. In some circumstances, a refundable deposit may be required before work commences on your case. In this instance you will be notified of this in writing, and your agreement obtained.The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
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