Protected Insurance

Secure Your Mortgage & Family with Protected Life Insurance

Protected Life Insurance can secure the financial position of your family once you are no longer in this world with its life insurance policy. The insurance starts at as less as £10 and the higher premium you give, the better services you would be availing. The maximum cover that is available to your family is up to £500,000 and there is a joint cover option also available. You get the benefits of the terminal or critical illness in this insurance policy as well and the premiums are fixed for the rest of your life.

There are 2 types of cover available under Protected Life Insurance , one is called Decreasing Term and the other one is called Level Term. With the Decreasing Term cover, the insurance provides you with cash amount if you are diagnosed with some kind of critical illness or to manage the mortgage loans once you are dead. This cover is basically to protect the mortgage balance. With the Level Term cover, cash amount is given to your family to take care of their financial burden once you die.

The sum of money that your family avails after your death is absolutely tax free and no amount is deducted from that. The premiums that you pay for is the cheapest available premium in the market. The insurance can either be taken on a joint basis or single individual. Your family can utilize the sum on various things like living expenses, higher studies of your child, paying up the mortgage etc. Moreover, when you apply for the Protected Life Insurance , least amount of paper work is involved and you get the insurance approved in the minimum time period.

The Protected Life Insurance is meant for the residents of UK only and anyone belonging to other nationality cannot avail the benefits of this life insurance policy. You must be working in a reputed organization with fixed monthly income and without any kind of criminal records. Your age should not be les than 18 years and you also need to give the details about your bank account from where the transaction would take place. .