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Financial services:
Other protection

Income protection

If illness or injury prevents you from working, how will you manage financially? A few days� incapacity may not matter, or even a few weeks�. But long term incapacity could be a financial, as well as a personal, disaster. That is the role of income protection insurance (also known, confusingly, as permanent health insurance). Cassons can arrange an insurance policy that, if you are incapacitated for more then say 3 or 6 months, will pay approximately � of your former level of income for as long as is necessary (up to a chosen age such as 60, when your income may have ceased anyway).

This is a specialist market. It is important to ensure that the policy will pay out in all appropriate circumstances, that cover can rise as your income rises, and that you are not faced with exorbitant increases in premiums. Cassons have the specialist knowledge to arrange such policies for you.

Related literature:

Income protection insurance

Critical illness insurance

Suppose you suffer a life-threatening, or other serious, illness � and survive. That�s the good news; you have survived. What if you are now disabled and need to spend significant money adapting your home to your new needs? Or perhaps you are well enough to return to work, but do not wish to have to work so hard. If you are wealthy, you may not need insurance. If not, critical illness insurance can provide a lump sum if you survive many �dread diseases� such as heart attack, cancer, stroke, paralysis, kidney failure, major organ transplant, bypass surgery, or countless others.

The fact sheet below provides a simple explanation of critical illness insurance.

Related literature:

Critical illness insurance

Each insurance company may have different definitions of the illnesses it will cover. You need a specialist adviser like Cassons to ensure you get the best possible cover at the most favourable price.