Life Insurance is a type of insurance policy that can help minimize the financial impact that your death could have on your loved ones. If you die or if you're diagnosed with a terminal illness with a life expectancy of less than 12 months, during the length of the policy, it could pay out a cash sum.
Critical illness cover pays out a tax free lump sum, if you are diagnosed with an insured medical condition during the term of the policy. A critical illness can affect anyone at any age and can turn lives upside down. In the event of being unable to work due to critical illness, having a back up plan in place can alleviate some of the financial stress of the situation.
Home Insurance is a type of insurance product that protects your property and your belongings.
There are three main types of home insurance, buildings insurance, contents insurance and combined buildings and contents insurance.
Buildings insurance covers the cost of repairing damage to the structure of your property. This includes the walls, windows and roof as well as permanent fixtures and fittings such as baths, toilets and fitted kitchens.
As a general rule, buildings insurance covers the cost of rebuilding your house from the ground up.
Contents insurance covers the cost of replacing your belongings in your home if they are damaged, destroyed or stolen.
Contents are defined as the items that you would take with you if you moved home.