Insurance

Have you considered a temporary or permanent change to your financial position if you are unable to work due to an accident or ill health, diagnosed with a serial illness or the death of a breadwinner? Through our extensive panel of insurers, we can offer comprehensive protection solutions to give you peace of mind and help mitigate the financial impact of these unexpected life events.

Have you considered a temporary or permanent change to your financial position if you are unable to work due to an accident or ill health, diagnosed with a serial illness or the death of a breadwinner? Through our extensive panel of insurers, we can offer comprehensive protection solutions to give you peace of mind and help mitigate the financial impact of these unexpected life events.

Life Insurance

What you need to know

Ensuring that you and your family are protected if the worst happens should form the cornerstone of your financial planning.

Not everyone will need life insurance, however, if you have people depending on you and your income to support a mortgage and household bills, we recommend a plan is put in place.

  • The policy will pay out a lump sum if you are diagnosed with a terminal illness or die within the term.
  • The cover can be arranged on a decreasing (in line with a capital repayment mortgage), level or increasing basis.
  • The premiums can be guaranteed throughout the term of the plan
  • Term up to age 90
  • Policies can be placed into trust so your dependants receive the proceeds sooner
  • Policies can be arranged on an individual or joint basis

Critical Illness

What you need to know

This type of policy will pay out a lump sum if you are diagnosed with a specified critical illness during the term which can help to minimise the financial impact on you and your family.

The benefit can be used for any purpose whether that is to supplement income, cover private medical costs, repay debt or adapt your lifestyle.

  • Maximum age at the end of the policy term is 85
  • Cover can be incorporated within a life insurance plan
  • Monthly premiums can be guaranteed or reviewable
  • Providers do not all offer to cover the same conditions
  • Total and Permanent disability can be included
  • Individual of joint cover available
  • Children’s cover available

Income Protection

What you need to know

This cover will offer you peace of mind if you are unable to work due to accident or illness. The plan will pay you a regular tax free monthly income of up to 60% of your gross earnings, whether you are employed or self-employed.

  • Cover can be arranged on a level monthly or inflation linked basis
  • The benefit can be paid for a limited period (1,2 or 5 years) during any one claim, or you can apply for comprehensive cover which pays for the whole term, or until you return to work. Limited term policies are cheaper than a comprehensive plan
  • Cover is normally arranged to start when your employee sickness benefits ends
  • You have a choice of waiting periods before the policy starts paying out. These are 1,2,3,6 or 12 months. The longer the waiting period, the cheaper the policy.
  • Some policies offer a death benefit
  • Fracture cover available providing a lump sum payment
  • Access to rehabilitation support services
  • Cover to age 70

Business Protection

What you need to know

If you are running a business you can put provisions in place to ensure that the company is not compromised in the event of a key person suffering a terminal illness, critical illness or death.

Areas of cover

  • Key person insurance
  • Relevant life insurance
  • Business loan insurance
  • Shareholder protection
  • Executive income protection

If you would further information or would like to discuss your business needs, please call us for a detailed review without obligation.

Home Insurance

What you need to know

Home insurance covers you against the cost of repairing or rebuilding your home or replacing its contents if your home is damaged or destroyed.  This is the only conditional insurance required if you have a mortgage on the property.

  • These are annual policies reviewed every year
  • Premiums are guaranteed but may change in the event of a claim
  • Additional options such as home emergency, legal assistance and personal possession cover away from the home are available
  • Premiums can be made monthly or a one-off annual payment
  • Landlord policies available
  • The level of excess payable in the event of a claim can vary significantly
  • PJK can offer quotes from a fair analysis of the market

Private Medical Insurance (PMI)

What you need to know

Although the NHS provides an invaluable service, PMI can be a quicker route for diagnosis and treatment if you or a member of your family become unwell and require professional medical help.

  • This cover can provide a flexible solution allowing you to set up a plan to suit your needs and budget.
  • Core covers include consultations, diagnosis, hospital charges and outpatient treatment
  • Enhance covers available such as dental and optical, osteopath and physiotherapy
  • No claims discounts available
  • Annual reviewable premiums
  • Individual, family, and company cover available