Insurance Explained - Protecting What Matters
Life is unpredictable - accidents, illness, job loss or death can (and will eventually) hit everyone 😢
Insurance doesn't prevent bad things from happening but it stops them turning into a financial disaster, giving yourself and the people you love peace of mind
It transfers the cost of the risk from you to an insurance company in exchange for a fee (premium)
Insurance can replace lost income, pay off debts, cover medical or care costs or protect your family if you're no longer around 🙁
Not everything needs insurance but insurance is there to protect what would hurt most if something went wrong
Life Assurance
Pays out lump sum when you die - helps your family pay off the mortgage, cover living costs or handle inheritance tax
Income Protection
Replaces a large chunk of your income if you're too ill or injured to work
Critical Illness Cover
Pays a lump sum to fund treatment, time off or lifestyle changes if you're diagnosed with a serious illness
Private Medical Insurance (PMI)
Works alongside the NHS to give faster access to private treatment and more choice of hospitals
Business Protection
Protects the business and its owners if a key person dies or becomes seriously ill
Long Term Care Insurance & Immediate Needs Annuity
Helps fund care costs in later life when savings or state support aren't enough
Everyday Insurance
Home, Car, Pet, Mortgage Payment Protection, Accident Sickness & Unemployment
Your Action Steps
List your biggest risks that would impact the most to you
(e.g. mortgage, income, family, business, health)Check what insurance you already have (e.g. from work benefits, existing policies)
Read the individual guides below to understand any gaps in your own coverage and what the options are
Talk to a qualified advisor before buying big protection policies
What To Expect In The Insurance Section
Understand the main types of insurance
Learn the differences between insurance types
Know what taxes apply and when
Click or tap the sections below to learn more