riverglen financial associates


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Life is unpredictable and some of its surprises are more welcome than others. During emotional and tough times escalating worries can obscure the challenges facing you and your family.

With some forward planning and the correct protection products on your side, peace of mind can be restored allowing you to concentrate on what is really important.

Simply having life assurance may not be enough. To get the right answers to your personal circumstances it is best to take professional advice however listed below a number of choices that you might want to consider:

Permanent health insurance, known as income protection and is designed to replace a proportion of income lost through illness, accident or disability. Rates vary according to the dangers associated with one’s job, age, state of health and gender but PHI is thought to be of particular value to the self employed who do not have an employer to continue paying their salary if they are unable to work.

Critical illness insurance, a critical illness policy pays out a lump sum if you are diagnosed with one of a number of specified ‘critical’ illnesses during the term of the policy.

Loan protection insurance covers the policyholder if they lose their income, through illness or accident.

Mortgage payment protection insurance is set up with a term specifically matching your mortgage term – say 25 years. The policyholder is covered for the term for the amount of their mortgage repayments as long as they keep on paying the premiums.  Your home may be repossessed if you do not keep up repayments on your mortgage.

Accident Sickness and Unemployment (ASU) can be taken out for any purpose to protect your income and to give you peace of mind. The benefits normally only pay for one year on a valid claim if you have an accident, are ill or become unemployed.

Private medical insurance can cover you for private medical treatment and you can choose to add on extra cover, such as dental cover.

Long-term care insurance is designed to cover you against the cost of nursing-home care in your old age and you can pay for it as a lump sum or in regular payments.