Sovereign wants you to have peace of mind that you and your family are financially well covered whatever the future holds for you. We tailor our protection recommendations to meet your needs today to provide flexibility in the future by taking into account your age, occupation, health and activities; by working together with you we ensure suitable arrangements are put into place. We can also advise you if such plans should be put into trust.

Protection needs are not just for individuals and are used extensively to provide cover for businesses and we are able to help you in these matters as well. The following brief descriptions of various protection plans are also available for business purposes

Life Assurance

Life Assurance/Life Insurance is a simple and affordable way to protect your family financially of the impact of your death within the term/life of the policy. It will pay out a lump sum upon death and most providers also include Terminal Illness Cover at no extra cost (i.e. if you are diagnosed to have an illness that will result in your death within a year).

Mortgage Protection

Mortgage Protection/Mortgage Life Cover is designed to pay off your outstanding mortgage liability if you die within the policy term and again most companies include Terminal Illness Cover at no extra cost.

Critical Illness Cover

These plans provide tax-free cash sum if the individual should suffer from a specified critical illness condition or disability. Such cover may be as a stand alone policy or can also include life cover.

Income Protection/Permanent Health Insurance

The chances of finding yourself out of work due to long-term illness or disability are unfortunately high. The National Statstistics Year Book (2003) gave a working population of 27.9 million and according to the DWP (May 2003) over 2 million have been claiming State Incapacity Benefit for more than 6 months. Statutory Sick Pay is £66.15 for the first 28 weeks (Oct 04) with Long-Term Sick Pay £74.13 from week 53 onwards (Oct 04).

These protection plans pay out a regular monthly income in the event of such disasters whether you are employed or self-employed. We are able to help and advise you on the suitability of such cover as individuals have to bear in mind the extent of such cover is strictly regulated and policies should be reviewed on a regular basis to ensure they provide what is intended.

Other Types of Cover can also be provided for; these are available upon request or will be recommended after a full fact find has been conducted to ascertain the suitability of your protection needs.