What is protection?

Protection is a term used to describe a range of insurance products designed to help safeguard your finances in the event of the unexpected.

What are the different types of protection?

Life Insurance

Life insurance provides vital financial protection for your loved ones by offering a lump sum payment in the event of your death. This payout can help cover essential costs such as outstanding debts, funeral expenses, and long-term financial needs, ensuring that your family is not left with a financial burden. Knowing that your loved ones will be financially secure can bring you peace of mind during a difficult time.

In addition to offering financial support, life insurance can also play a key role in estate planning. It can help ensure that your wealth is passed on to your beneficiaries, potentially reducing tax liabilities and making it easier to manage your estate. Life insurance can also provide a source of income for your family, helping them maintain their standard of living and safeguard their financial future.

Critical Illness Cover

Critical Illness Cover offers a lump sum payment if you’re diagnosed with a serious illness, such as cancer, a heart attack, or a stroke. This payment can help alleviate the financial burden during your recovery, covering medical expenses, loss of income, and other essential costs.

Having Critical Illness Cover in place can also provide peace of mind, knowing that you have financial support if the unexpected happens. It allows you to focus on your health and recovery without the added worry of how to manage everyday expenses. In some cases, the lump sum can even be used to make necessary adjustments to your lifestyle or home, helping to ensure that you receive the best care possible during a challenging time.

Income Protection

Income Protection offers financial support if you’re unable to work due to illness or injury, replacing a portion of your lost income. It ensures that you can cover essential living expenses and maintain financial stability while you focus on your recovery and return to work.

This type of cover can be particularly valuable for those who rely heavily on their income to support their families or meet financial commitments. With Income Protection, you can have the peace of mind that, should the worst happen, you won’t have to worry about falling behind on bills or other important costs. It provides a vital safety net, enabling you to concentrate on getting better without the stress of financial strain.

Family Income Benefit

Family Income Benefit provides regular monthly payments to your loved ones in the event of your death, helping them maintain their standard of living. It ensures ongoing financial support, allowing your family to cover everyday expenses and maintain a sense of financial stability during a challenging time.

This type of cover can be particularly helpful for families with young children or those who rely on a single income. By offering a steady stream of income, Family Income Benefit can ease the pressure on your loved ones, helping them cope with both emotional and financial difficulties. It’s designed to provide long-term support, ensuring that your family’s needs are met in the years following your passing.

Can Turtle help me get the protection I need?

Of course, our expert mortgage and protection advisors can help you to plan for the future by getting the right protections in place. It’s easy to do, just book a call with us.