Protecting Yourself2018-08-01T13:39:22+00:00

Protecting Yourself

Placing individual service at the heart of our business

How we can help you with insurance cover

Most of us would like to think that when our lives come to an end, we’ll be old, our loved ones will be financially secure and our financial responsibilities will be taken care of. Sadly this isn’t always the reality.

Life and protection insurance policies are designed to protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment. Far from being a luxury, protection insurance should be
considered essential, especially if you have a family or people that rely on your income.

Most of us wouldn’t think twice about insuring our home, car, TV or smart phone – the material things we see and use every day. We even make sure our pets and holidays are covered.

So why don’t we feel the same about protecting our families?
What type of protection do you need?

Life Assurance

Life assurance will pay out either a single lump sum (sum assured) or a regular income when you die. It can help provide financial security for people who depend on you, if the worst happens.

Why you might need it

Although money can’t replace a loved one, it can help those left behind to weather the financial storm. For example, it could pay off the mortgage or provide an income to help cover regular household expenditure.

Critical Illness Cover

Critical illness insurance plans pay out a tax-free lump sum on the diagnosis of a range of serious (but not fatal) specified conditions. These conditions include things like heart attack, stroke, cancer, major organ transplants and many others. The conditions covered will vary depending on the insurer. Policies usually only pay out once, so they don’t necessarily replace your regular income, but you can use the money towards medical treatment, your mortgage or anything else you choose.

Why you might need it

Many people buy serious and critical illness insurance when they take on a major commitment, like a mortgage, or start a family. However, since we’d all like to have our financial commitments lightened if we were to suffer a serious illness or injury, the cover is relevant for most of us at any time.

Income Protection

Income protection insurance pays out a regular tax-free income if you become unable to work because of illness or injury. It could help you keep up with your mortgage repayments, and other day-to-day living costs until you are able to return to work.

you can buy cover that will pay a monthly income until your planned retirement age, return to work or death, or for a limited amount of time (which will result in a cheaper premium). Income protection policies also have a waiting period (sometimes known as a deferred period) before they pay out, which begins when you become unable to work. Once you return to work the income provided will cease.

The premium you’ll pay will vary depending on these factors and others such as your age, health, the nature of your job and, of course, the level of income you wish to protect.

Why you might need it

If you become ill or suffer an injury during your working life, an income protection policy can help protect against any possible loss of income.

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The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Chapelgate Private Finance is a trade name of Chapelgate Associates Ltd which is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Chapelgate Associates Ltd is a company registered in England and Wales 05539901 whose registered office is situated at 192 West End Lane, London, NW6 1SG