Life Insurance

No-one likes to think pessimistically about the future, but if you choose not to address life insurance, you are in effect choosing not to protect your most precious assets - your family. Can you really afford to choose this option?  After all, no-one ever wants to say if only after a tragic event.

Should the worst happen, financial stress for you or your family really is the last thing you need. At RJW Associates, we will discuss your personal circumstances with you in detail and provide advice and a solution that is entirely tailored to you. In our opinion, you should never buy life insurance off the shelf, rather get advice and ensure that any life insurance or critical illness policy meets every need you have. Some of the different types of life insurance are:

Level term life assurance

  • You choose the amount of cover you want and how long you would like the policy to run for.
  • If you die during the policy term, your insurer will pay the amount you are covered for.
  • If you set up a joint policy (one policy to cover two people) the amount of cover is paid out on the first death.
  • The policy stops when a claim has been paid. These policies have no cash in value at any time.

Level term life assurance with critical illness cover

  • You choose the amount of cover you want and how long you would like the policy to run for.
  • If you die or are diagnosed with an earlier critical illness during the policy term, your insurer will pay the amount you are covered for.
  • The types of illnesses covered include Heart Attack, Stroke, Cancer and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key features document which is available on request).
  • If you set up a joint policy (one policy covering two people) the amount of cover is paid out on the first claim.
  • The policy stops when a claim has been paid. These policies have no cash in value at any time.
  • Critical Illness cover may also be taken out as a ‘stand alone’ policy without life insurance.

Permanent health insurance

Permanent health insurance is sometimes known as permanent disability insurance, income protection or income replacement. It is a health insurance policy, designed to provide an income when you are unable to work due to ill health or accident.

The benefit is payable until recovery or until a chosen date which ever is earlier. It is subject to a deferred period which should take account of any benefits provided by your employer. The benefit from a permanent health insurance policy is paid tax-free.

If you would like to know more about permanent health insurance, why not give us a call at RJW Associates.

 

Mortgage Protection

Mortgage protection life & critical illness cover

  • You choose the amount of cover you want and how long you would like the policy to run for.
  • The amount of cover reduces each month during the policy term, and is calculated to be enough to equal the capital outstanding under a normal repayment mortgage.
  • If you die or are diagnosed with an earlier critical illness during the policy term, your insurer will pay the calculated amount of cover at that time.
  • The types of illnesses covered are Heart Attack, Stroke, Cancer, and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key features document which is available on request).
  • If you set up a joint policy (one policy covering two people) the amount of cover is paid out on the first claim.
  • The policy stops when a claim has been paid. These policies have no cash in value at any time.

Mortgage protection life assurance

  • You choose the amount of cover you want and how long you would like the policy to run for.
  • The amount of cover reduces each month during the policy term, and is calculated to be enough to equal the capital outstanding under a normal repayment mortgage.
  • If you die during the policy term, your insurer will pay the calculated amount of cover at that time.
  • If you set up a joint policy (one policy to cover two people) the amount of cover is paid out on the first death.
  • The policy stops when a claim has been paid. These policies have no cash in value at any time.

Buildings and Contents Insurance

Whether you choose buildings insurance, contents insurance, or both, there is a range of different cover options to suit your needs.

Structurally, your home may feel sturdy, solid and secure. That’s the beauty of bricks and double glazing – you can shut the world out. Yet, even the most robust property is vulnerable to extreme weather, flooding, freak accidents or malicious damage.

Buildings insurance covers the structure of your home plus fixtures and fittings, such as kitchens and bathrooms. It’s important that your property sum is insured to pay for a full rebuild. Buildings Insurance is essential for any property owner, mortgage lenders may insist on it before lending you money.

Just speak to RJW Associates and we will find the right cover to suit your needs.

Landlords insurance

If you are a landlord, it is essential for you to have the right type and right level of landlord building insurance. This is the case whether you are a private or professional landlord. For landlords, it’s compulsory to insure every property owned.

RJW Associates are here to help you find the ideal property insurance.