We believe that everyone should have protection insurance in place. Nowadays it is affordable for almost everyone, and we are able to help you choose the right protection for you.
It is important to protect your family, for example if you suffer from serious injury or illness it could lead to a loss of income or even your home in the future. Likewise, if you were to die your loved ones are unlikely to maintain their current lifestyle without your income.
(also known as Life Assurance) is designed to provide financial security to people who depend on you if you were to die.
We fully understand that money will never replace our loved ones but it can help during the most challenging part of anyone’s life.
There are different types of Life Insurance, some may pay a lump sum which can help to pay your mortgage whilst others pay a monthly benefit for a set period of time to help maintain life style.
Critical Illness Insurance is designed to help people when they suffer from critical or life threatening illnesses such as some forms of cancer, stroke, heart failure etc. (note : different providers have different lists of covered illnesses). Sometimes exclusions may apply to policies due to medical history or habits.
Critical illness insurance pays out a lump sum usually only once then policy terminates. It will not provide regular income but may be helpful to convert your home if the need arises, to pay additional costs like traveling to hospitals and unfortunately when family member is seriously ill life costs of life will usually raise and in many cases income may drop down.
Income protection is designed to replace part of your income and pay out regular tax free payments if you were unable to work due to illness or accident.
Depending on the level of cover it may pay out for specific amount of time until one is able to work again or even until retirement. It can help to pay the mortgage, bills and keep up current lifestyle. Income protection cover may have a deferred period before it starts to pay out with longer waiting times making the policy cheaper. Remember, state benefits may not be enough to cover your needs.
Many people think that insurance is expensive but it all depends on your circumstances, some policies are cheap and affordable for anyone while other may be more expensive. There are many factors which dictates price, most importantly age, smoking and general health.
We also can assist with Group Insurance, Private Medical Insurance, Public liability Insurance – referral service.
Make sure that you read the separate key facts illustration before you make a decision. The FCA does not regulate Estate Agency, Solicitors, Conveyancing services and some forms of Buy-to-let mortgages & Bridging Finance. If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email. Please be assured we treat complaints seriously. Route Financial Ltd is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority. FCA Register No 841351. Route Financial Ltd Registration number: 11904121, Country of registration – England, Registered address: 3 Bridle Close, Finedon Road Industrial Estate, Office 6, Wellingborough, England, NN8 4RN Calls may be recorded for training and monitoring.
