In our day-to-day role as advisers, we spend a great deal of time and effort ensuring that a person's financial assets are invested in line with their needs and wants - both today and into the future.
For many, the greatest asset is their earnings power - their ability to earn money month after month and year after year. Their earnings power (or human capital) can be a multiple of their financial assets. It is vital to be prepared and to have plans in place to ensure that our dependents do not suffer financial hardship in the event of premature death or illness.
PFP Financial will prepare a protection plan tailored to your financial plan. We also review any existing protection arrangements for suitability, value for money and tax efficiency.
Protects against illness, accident or disability. You receive a monthly payment if any illness or injury prevents you from working. Income protection pays out an income of up to 75% of your salary.
Specified Illness Cover
Protects you and your family against the financial loss that would arise in the event of being unable to work. Specified illness cover is a long-term insurance policy designed to pay a lump sum on the diagnosis of certain life-threatening or debilitating conditions such as heart attack, stroke, cancer, multiple sclerosis and loss of limbs.
A term life assurance policy protects against the financial impact of your death. The policy will pay a lump sum (depending on your level of cover) or monthly payment should you die during the term of the policy.
A mortgage protection policy pays the balance of your remaining mortgage should you die and/or have a critical illness during the term of your mortgage. A mortgage protection plan is designed to reduce each month in line with your mortgage, reflecting the fact that you are gradually paying off your mortgage.