Life, Critical Illness & Family Income Benefit

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Make sure your family or any dependants are financially protected in the event of your death by leaving them a lump sum, or monthly income, to pay for commitments such as a mortgage or outstanding loans.

Life Insurance

Planning ahead means even when times are tough, your family and dependents will be able to cope financially. Life insurance will enable your dependents to pay off any debts or any monthly outgoings such as the mortgage or rent and also pay for those little luxuries like holidays and future outgoings like university fees.

There are different types of life insurance to fit different types of families. We listen to what’s most important to you and ensure your policy meets your needs exactly.

Benefits of Life Insurance

  • A lump sum is paid out upon diagnosis of your illness
  • Use the money to pay for medical bills or financial commitments
  • Eases financial strain so you can concentrate on getting better
  • Maintain your family’s lifestyle while you are unable to work
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Family Income Benefit

With Family Income Benefit life insurance you decide how much income your dependents will need, and for how long, in the event of your death.

How it works: if your family needs £1,000/month for 20 years, and you die within the first month of the policy being set up, your family would receive £1,000/month for 20 years. If you die in year 18 of the policy, they would receive £1,000 for two years only. Should you die after the term of the policy has ended, there would be no payout.

We can talk you through the pro’s and con’s of this type of insurance and make sure it’s the right option for you.

Benefits of Family Income Insurance

  • Mortgage payments can be covered in the short term
  • Eases the initial financial strain on your dependants
  • Maintain your family’s lifestyle
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Critical Illness

Should you become critically ill and unable to work, Critical Illness insurance pays out a tax-free lump sum that you can use however you like – whether it’s to help cover health-related costs, monthly expenses, or lost income while you get better.

There are different types of policy such as level term, decreasing and increasing cover and policies generally only cover a list of specific illnesses, so it’s worth chatting to us to find out which plan is right for you.

Benefits of Critical Illness

  • A lump sum is paid out upon diagnosis of your illness
  • Use the money to pay for medical bills or financial commitments
  • Eases financial strain so you can concentrate on getting better
  • Maintain your family’s lifestyle while you are unable to work
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Steve’s Story

Steve went cycling to Spain for a few days and returned home with cough. After several visits to the doctor and a round of antibiotics he was sent for more tests at his local hospital where is received the diagnosis that he had mouth and throat cancer. Feeling bewildered, Steve had to undergo a combination of treatments. He underwent six weeks of radiotherapy on his mouth using a specialist mask and chemotherapy every week for six weeks. Fortunately, Steve had Critical Illness cover. With such strenuous treatment, he had been unable to work so the money bought him peace of mind and allowed his wife to take time out of work to care for him.

Now in remission, Steve continues to have regular, routine check-ups but is glad to be returning back to his passion. He’s now back on his bike and looking forward to the future.

“It’s a difficult enough worrying about your health, you don’t want money worries on top of that. Having critical Illness cover made a very significance difference to me.

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Why choose The Finance Roome?

We have access to hundreds of insurers and thousands of personal protection options so are able to find the right cover to fit your needs exactly. We always have your best interests at heart and make finding insurance cover as painless and cost effective as possible.

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Find out what life could have in store for you.

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