Life Insurance pays out on the death of the people insured, or earlier if there’s a diagnosis of terminal illness. The terminal illness must meet our policy definition and you can’t claim within the last 12 months of the plan. Depending on how the policy is set up, it could cover a single person or joint.
If you’re over 18 years of age and living in the UK and have spent at least 183 days in the UK in the last tax year, you’re eligible for a policy. Please note that upper age limits will apply.
Everyone’s premium will depend on their own specific needs and circumstances. No one situation is exactly the same. Speak to a member of our team and we’ll find you the cheapest, most suitable deal.
The amount of cover you need, depends on your current situation and budget. You may want to think about leaving a lump sum for your dependents or help clear an outstanding mortgage if something were to happen. For a more detailed answer, it’s always worth speaking to one of our advisors.
You could protect yourself and your loved ones in as little as 10 minutes, simply give us a call and we will run through the finer details with you.
All policy details are provided within the policy documents, which explain how to make a claim. We advise everyone to ensure they have read the policy documents on how to make a claim.
To set up cover all you need to do is call us on 01489 532 399 or fill out this quote form that will be picked up by one of our advisors.
Should you want to cancel any policies written by Your Protection People Ltd, you will need to speak directly with the policy provider. Your Protection People can only cancel policies if it has not started, or an imminent start date provided.
Please contact ypp.lifeadmin@yourprotectionpeople.co.uk for further information, we will be happy to direct your query to the right place.
Life Insurance is all about providing for your loved ones once you are gone. This money can be used to to cover mortgage costs or funeral expenses or alternatively it could be used to pay off any outstanding debt. Being able to relieve the financial pressures of those you love is a lovely legacy to leave.
On average it takes 30 days for a life insurance policy to pay out after the claim has been assessed and deemed as valid. If there are issues found regarding the validity of the claim, then this timeline can be extended.
The main difference center’s around what they cover and how they pay out. Critical Illness covers more serious conditions and pays out in one tax-free lump sum in the instance of injury or illness. Income Protection covers a different array of illnesses including some not covered by critical illness such as a bad back or depression. This type of cover pays you a percentage of your monthly salary as a regular payment while you are injured or unwell to help bridge the gap until you are able to return to work.
