Personal Cover
Whatever your circumstances we can help
INDIVIDUAL
Cover created for you
We take time to get to know you, understand what is most important in your life and explore how well protected you are. If there are gaps in your cover, we design the most cost-effective solution, to match your needs.
PEACE OF MIND
Secure your future
Any insurance is only worth having, if it pays out when you need it. We are slightly obsessive about setting up policies correctly, Making sure you have peace of mind.
PEACE OF MIND
Secure your future
Any insurance is only worth having, if it pays out when you need it. We are slightly obsessive about setting up policies correctly, which is why 100% of our clients claims have been paid. That’s peace of mind with Pendragon.
Personal Cover
It’s so much more than just a one-off pay-out on the event of death, find out more in the following 4 sections.
Decreasing life insurance, typically taken out to pay off a reducing debt, such as a repayment mortgage or loans in the event of death, is the most common form of term policy taken out. Level life insurance is typically taken out to cover interest only mortgages, credit card balances and to leave money to provide for a family on the death of a wage earner, though this often may not be the best insurance for family protection.
Almost certainly, the least well known and least appreciated life insurance cover available. A life policy that provides a regular monthly income, typically used to pay the regular monthly bills that will always remain after the mortgage and other debts have been paid off, such as utilities, council tax, food, petrol etc. Often taken until the youngest child has reached the age of 21, so that they can afford to complete their education, even after losing a parent.
Most commonly taken out to pay off a mortgage, in the event of suffering a qualifying, life changing illness, the most common claims being for heart attack, cancer, stroke and multiple sclerosis. Surprisingly, very few people fully pay off their mortgage in the event of a pay-out, as they need to use the money to pay monthly outgoings, due to losing their income because they can’t work. Works best alongside income protection.
Income protection helps If you can’t work for any health reason, it gives you money, so you can pay your bills, rent and / or mortgage payments. This continues until you return to work, die or you reach the end of your policy term, which can be set to match your state pension age. More comprehensive than critical or serious illness cover, as there is no list of qualifying conditions that trigger payments.