Protection AdviceApollo Pension & Investment Advisers | Medway, Kent
Financial Protection & Insurances
Apollo understands the importance of our clients having suitable insurance cover to protect themselves and their family in the event of a serious illness or even worse death. Although we do not like to think about these scenarios occurring, the impact that these can create can cause a detrimental effect on the family, and have a huge impact on their accustomed lifestyles and standard of living.
Our specialist protection advisers can remove these worries by reviewing any areas where protection may be needed. The most well known protection policy is a life insurance policy that is linked to a mortgage or any other debt. We can advise and recommend a life insurance policy that will provide peace of mind that in the event of a client passing away during the mortgage term, a tax free cash lump sum is provided to allow the mortgage balance to be fully repaid.
Apollo researches a number of different insurance products for our clients, who all have different needs and reasons for the cover. When we advise our clients on suitable insurance products, we have carried out extensive research from some of the most reputable providers in the UK regarding their suitability. We will only recommend products from providers that have a
- Positive and strong claims history
- High independent research analyst rating
- Provide a vast range of cover for core conditions
- Clear easy to understand policy terms and conditions
- Good value for money
- Highest standards of customer service
We offer the following products:
Mortgage Protection Assurance
This is a life insurance policy that is created to provide a tax free lump sum in the event of death during the term of the policy. The policy will have a sum assured and term equivalent to the current mortgage. The policy can be arranged on a decreasing term basis (repayment mortgage) or a level term policy (interest only mortgage).
Family Income Benefit
Another type of life insurance policy that is designed to provide a tax free lump sum to a family member in the event of death during the specified term of the policy, rather than to redeem a mortgage debt. The plan can be deigned to either provide a lump sum of money or provide an annual income for a number of years equivalent to the sum assured.
Critical Illness Cover
Similar to life insurance but more of a comprehensive product that will provide a tax free lump in the even of being diagnosed with a serious illness such as Cancer, Heart Attack and Strokes. This can also be used to protect a current mortgage balance.
Permanent Health Insurance Policy
Provides long term income protection if you are unable to work due to a serious condition. The plan will allow you to cover up to 60% of your gross annul income which you will receive on a monthly basis until you can return to work, reach normal retirement age or pass away.
Accident Sickness & Unemployment Policy
Used in conjunction with a mortgage and provides a short term solution to being unable to work through illness or unemployment. The policy can provide you with cover for your mortgage payment and associated utilities for a maximum of 2 years.