If you own a property, then mortgage protection will provide peace of mind and deliver a safety net should the worst happen. As this protects just your mortgage, it is one of the cheapest forms of insurance.
Life insurance will provide a lump sum for your dependents should you die during the term of the contract. The amount paid could decrease over time, or could be a specified level.
Life insurance will provide for your family should the absolute worst happen. Your family will be taken care of, and the lump sum can be used for bills and other necessities. Contact one of our mortgage advisors in Birmingham, if you would like some help with life insurance in the West Midlands or the United Kingdom.
Critical illness cover will provide you with a lump sum should you contract an illness specified in the terms of the cover. When the term ends, so will your protection. Many insurers that provide critical illness combine this with life insurance.
Income protection will pay out should you be unable to work due to injury or illness. It is unlikely that your employer will provide you any kind of wage should your illness last longer than a year. If you will find it hard to subsist on state benefits during your illness, you will want to consider income protection to provide you with an additional income stream.