Permanent Health Insurance
Whereas Life and Critical Illness cover is designed to pay out a lump sum in order to pay off your mortgage Permanent Health or income protection works slightly differently.
Rather than the total mortgage being protected, only a set monthly amount is covered so that in the event of being off work due to an accident or sickness your income will be replaced by the insurer until you are able to return to work. You can cover yourself for just your mortgage payment or an amount that allows you to continue your standard of living. The cover normally runs until you either return to work, you retire, or at the end of the plan term set at the beginning.
The Government do make certain restrictions on how much you can insure for and each insurance company has different options and plans designed to meet your needs.
At Pure we will consider all the providers and the options on offer whilst allowing for any benefits that you may already receive from you employer or any existing plans. Based on this we will ensure that you have the correct amount of cover and a scheme designed individually for you.