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Time Financial Planning Time Financial Planning
  • About Us
    • Our Team
    • Testimonials
    • Terms of Use
    • About Our Services & Privacy Statement
    • External Links
    • Complaints
  • Investments
    • Financial Planning
    • Investment Philosophy
    • Investment Specific Risks
    • Ethical Investments
  • Cash Flow Modelling
  • Estate Planning
    • Inheritance Tax
  • Long Term Care
  • Protection
  • Guides
  • Blog
  • Contact

Protection

Home Protection

We add value by helping you to understand the cover that you already have in place and then crash testing that cover to see what would happen in the event of an accident. In simple terms – we provide our clients with the peace of mind that their future plans will not crumble completely in the event of loss of income.

You are likely to already have some protection in place for your mortgage so that if you die the mortgage will be repaid and your spouse or partner can at least own a house debt free, but there are some other important considerations.

Most of our clients come to us in good health with a regular income. This income is the very foundation of everything that you have. Without it your lifestyle will simply never be the same.

Fortunately it is rare that somebody loses this income through death, and yet it is much more likely that you will suffer an unexpected illness. This is where Critical Illness cover can often provide protection against diagnosis of a specified illness. The money could be used to clear debts or a mortgage or provide important medical treatment.

The next stage is long term illness. What was sudden and unexpected now often becomes longer term as doctors work hard to return you to full health and this is where Income Protection can provide valuable help.

Finally, death is inevitable for us all eventually, but having life cover without any form of health protection is a bit like having a car with an airbag but no seat belt.

Protection Specific Risks

  • Contracts run for a fixed term
  • Premiums are payable on a regular basis (usually monthly)
  • Premiums quoted assume the insurance is accepted at “normal” rates for an individual in good health
  • If you do not suffer a qualifying illness or die during the term the plan it will not pay out
  • If your circumstances change and you stop paying the contributions cover will cease
  • During the plan term you may suffer an illness that will affect your future insurability
  • If you survive the term cover will lapse and you may not be able to get further cover if your health has changed
  • Policy premiums may be reviewable in future depending your specific contract

 

  • The plan will have no cash value either during or at the end of the term
  • Life cover (non-investment) and income protection – The plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse
  • Critical illness – The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key features and Policy Documents.

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We will not use your data for any other purpose. For more information see our Privacy Notice.

0118 327 9895

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CONTACT US

  • Time Financial Planning Limited
  • Well Cottage, Cane End, Reading, Oxon, RG4 9HG
  • 0118 327 9895
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© 2022 · Time Financial Planning Limited. All Rights Reserved. Time Financial Planning Limited is an appointed representative of Heritage Financial Advisers Ltd which is authorised and regulated by the Financial Conduct Authority. FRN: 726620. Time Financial Planning Limited is Registered in England and Wales number 07187798. Registered Office: 1 Warner House, Harrovian Business Village, Bessborough Road, Harrow, Middlesex HA1 3EX

Chester Rose Group
Part of the Chester Rose Group

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