There are many types of Insurance Birmingham based Newstead Clark offer:

Life Insurance

Life Insurance premiums are usually paid until death or for a given time span, for instance the life of a mortgage. This insurance can also be combined with Critical Illness Insurance and Family Income Benefit.

You can use the money for any purpose you chose including:

• paying off a debt such as a mortgage
• providing an income for your dependents

Life Insurance premiums are usually paid until death or for a given timespan, for instance the life of a mortgage. This insurance can also be combined with other products such as Critical Illness Insurance.

It is worth considering that any proceeds from a life assurance policy will be added to the deceased’s estate. This can be avoided by placing the Life Insurance in Trust and therefore separating out these proceeds from the ‘estate’ and keeping them free from Inheritance Tax.

Critical Illness

Critical Illness Insurance covers you against a number of serious illnesses, diseases and medical conditions. It usually pays out a single tax-free lump sum on the diagnosis of one of the illnesses specified in the policy details. This could be

• Heart disease
• Some forms of cancer
• Stroke

Critical Illness Insurance covers an individual for life or for a set period but will only pay out if the customer survives a predetermined time period following diagnosis as the policy is intended to cover living expenses. This is why this form of insurance is usually combined with Life cover.

You can use the cash payment from the policy for

• paying off a debt such as a mortgage
• providing you with an income if you become too unwell to continue working
• or for any other purpose you choose

If there is a history of serious illness in your family, Critical Illness insurance is well worth considering.

Income Protection

An income protection policy is designed to payout a regular amount of money should you suffer any illness or accidental injury which affects your ability to earn an income.

You can choose many of the products features for example:

• The level of payout you require
• When the payments begin
• The term of the cover

Premiums are collected on a regular basis and you can be covered regardless of how many claims you make.