Family Income Benefit

Ask yourself:

What is the net family income in a typical month?
What is the absolute minimum you could get by on each month?

If the main breadwinner in your house suddenly died or had to stay off work as a result of long term sickness, injury or if they suffered a critical illness such as the four main critical illnesses claimed on such as Cancer, Heart Attack, Multiple Sclerosis or stroke*, how would you make ends meet?

Our trusted Protection Consultants are on hand to help you find your way around the various products which offer some solutions to the potential financial problems you may encounter.

The Life and Critical Illness Cover is designed to provide a sum of money, if during the term of the policy you die or are diagnosed with one of the critical illnesses covered on the policy. Depending on the policy, this payment may be a lump sum or a monthly benefit.

Critical Illness Cover can incorporate your children, depending on your needs, requirements and the chosen provider, for no additional premium. The cover included in the policies can typically range from 25% of the sum assured of the Parents Policy, or up to £35,000, whichever is greater. This is very beneficial due to the increase of the average household income in 2020 to £30,800.

A long term sickness or accident could have a huge impact on you and your family’s ability to cope financially. An Income Protection Insurance Policy pays a monthly benefit if you can’t work due to illness or injury which results in a loss of earnings. This helps relieve further stress and worry during an already difficult time.

It is important to make sure you have the most appropriate cover for the personal needs of you and your family. We will provide tailored advice on the most appropriate cover and policy options for your circumstances available from our panel of insurers.

For a protection review to ensure you have the correct cover in place  to suit your needs and to ensure your policies are up to date, contact us today.

Tony McCormick Trading as The Mortgage Company (NI) is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of First Complete Services Ltd which is authorised and regulated by the Financial Conduct Authority.