Protection

We insure our homes, cars, phones and even our pets. But the one thing that pays for them all — your income — is often not insured.

If illness or injury affected your ability to work, you may need to consider how you would meet your financial commitments.

Life Cover, Critical Illness Cover and Income Protection are designed to provide financial support in certain circumstances, subject to the terms and conditions of the policy.

Censeo Financial can provide advice on a range of protection policies based on your individual needs and circumstances.

Life Insurance

Life Insurance is designed to provide a lump sum payment if you die or are diagnosed with a terminal illness during the policy term.

This payment may be used towards:

• mortgage or rent payments
• household expenses
• or other financial commitments

The cost of cover will depend on factors such as your age, health and lifestyle.

Common types of Life Insurance include:

Level Term Assurance

Provides a fixed level of cover throughout the policy term, subject to a valid claim.

Decreasing Term Assurance

Provides cover that reduces over time and is often used in conjunction with a repayment mortgage.

Family Income Benefit

Provides a regular payment for a specified period rather than a lump sum, subject to the policy terms.

Critical Illness Cover

Critical Illness Cover is designed to provide a lump sum payment if you are diagnosed with a specified medical condition during the policy term.

The payment may be used towards financial commitments or other costs.

Policies vary between insurers and may differ in:

• the conditions covered
• how conditions are defined
• the level of benefit payable

Full details are set out in the policy documentation.

Income Protection

Income Protection is designed to provide a regular payment if you are unable to work due to illness or injury.

Payments are typically made after a deferred period and may continue until you return to work or reach the end of the policy term, subject to the terms and conditions of the policy.

The level of cover available will depend on your personal circumstances and insurer criteria.

Censeo Financial can provide advice on protection policies based on your individual needs and circumstances.