Insurance is a huge subject, which will be dealt with by
ignoring the insurance of things, (motor, contents, household etc) and concentrating on
people, ( but including a couple of mortgage related areas ).There are two types of insurance. Insurance to protect YOU, and insurance to
protect loved ones and family. They may or may not amount to the same insurance policies.
The following contracts might be of interest :-
Life Insurance
Pays out on the death of the person insured. There may or may not be a savings element.
See:-
Critical Illness Insurance
Cash
if you develop a named condition.
Income Protection Insurance (aka Permanent Health
Insurance)
Provides an income
if you cannot work due to ill health.
Private Medical Insurance
BUPA
et al.
Long Term Care Insurance
New type of cover designed to provide for the costs of help and care for the
elderly and infirm.
Mortgage Indemnity Guarantee Premium
Often one of the costs you may face when getting a mortgage, esp. if
borrowing over 70% of the purchase price.
Redundancy Cover
An option when getting a mortgage, which provides payment for a limited period if made
unemployed.
Providers
Normally provided by mainstream insurance companies, but also some areas covered by Friendly Societies.
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