Contact us today to discuss your requirements (evening appointments available): tel: 02476 01 4545 or email: naaman@petersfinancial.co.uk
Insurance
Having the right insurance provides peace of mind by protecting you and your loved ones should adversity strike.
Our panel of top insurers offers a range of products to meet your needs.
Contact Peters Financial today so we can ensure you have the proper coverage.
CRITICAL ILLNESS COVER
Critical illness insurance provides a one-time, tax-free cash payment if you are diagnosed with a covered serious illness. The pay-out can help cover living costs if you are unable to work, pay for home modifications, or give you peace of mind to focus on recovery.
Getting coverage is straightforward - you choose the policy length and pay-out amount. If diagnosed with a condition listed in your policy, you will receive the lump sum payment tax-free.
INCOME PROTECTION
Income protection provides a monthly income if illness or
injury prevents you from working. The policy pays a percentage of your normal income. This allows you to cover living expenses and priority bills while recovering.
For the self-employed or those with insufficient company sickness benefits, income protection offers reassurance. It helps cover costs if unable to work.
TRADITIONAL LIFE INSURANCE
Term life insurance is a policy that provides coverage for a set period of time (the “term” of the policy). There are two main types of term life insurance:
LEVEL TERM
Level term policies offer a death benefit that remains the same throughout the term. This means your beneficiaries would receive the full sum assured if you pass away at any point during the term. Level term policies allow you to lock in a death benefit for the duration of the term.
DECREASING TERM
Decreasing term policies have a death benefit that decreases over the term. The premiums are generally lower than level term since the insurer's risk decreases as the death benefit drops. Decreasing term can be useful for matching a policy to a debt that declines over time, like a mortgage.
FAMILY INCOME BENEFIT
Family income benefit insurance provides monthly payments to loved ones rather than a lump sum, unlike traditional life insurance policies. This type of decreasing term policy works by determining the monthly amount dependents need and agreeing to that figure with the insurer.
WHOLE OF LIFE
A whole life insurance policy provides coverage for the rest
of your life. These policies typically cost more than term life policies because they do not expire until the insured's death. With whole life insurance, you pay a monthly premium, and when you pass away, your beneficiaries receive the death benefit pay-out agreed upon when the policy was purchased.
OVER 50s INSURANCE
Over 50’s Insurance "Over 50s life insurance provides affordable coverage for people aged 50 to 80 who want to cover funeral costs or leave money to loved ones. With premiums starting at just £10 per month and no medical exams required, it's ideal for those with pre-existing conditions.
As a whole life policy, it pays benefits no matter when you pass away, as long as premiums are paid. Many providers even waive premiums after age 90, granting free coverage in later years.
Our process is simple from start to finish
Complete the form with your relevant info (your credit score is not affected).
We'll asses your situation and offer tailored advice
We will work on your behalf and aim to offer you the best deal available
Contact
02476 01 4545
661 Foleshill Road, Coventry, CV6 5JQ
© 2024 Peters Financial
All Rights Reserved
Peters Financial is an appointed Representative of Dragon Brokers Limited T/as The dragon network which is authorised and regulated by the Financial Conduct Authority under registration number 599430. Registered office 661 Foleshill Road, Coventry, CV6 5JQ. Registered in England
Peters financial is a credit broker and you can confirm our registration on the FCA's website.
The actual APRC you are eligible for depends pm individual circumstances.
If you are thinking about consolidating existing home borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you replay.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE
The guidance and or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The Financial Ombudsman Service (FOS) is an agency for arbitrating of unresolved complaints between regulated firms and their clients. Further details of the FOS can be found on its website: www.financial-ombudsman.org.uk