Life insurance is similar to other insurances you may have. You pay a premium to the provider who insures you with an agreed level of cover. If you die whilst the plan is in force, the provider will pay the agreed sum assured to either the named beneficiaries of the plan or your estate.
Critical illness cover pays a tax-free lump sum if you’re diagnosed with a critical illness during the policy term. For example, if you get a cash payout after being diagnosed with cancer, the policy is effectively finished.
Income protection insurance covers a wide range of illnesses and situations and has the potential to pay out for many years. The cost of a policy will vary based on a number of factors, including: the waiting period before the policy pays out, the range of illnesses and injuries covered.
At Goldwater financial we establish what needs you have to ensure that you and your family are provided for financially if the worst was to happen. We only work with the top insurers in the marketplace and have access to the most competitively priced products available.