PROTECTION
At Ken Regan Financial Services Ltd, we believe that protecting your home and loved ones is vital. Our range of protection plans are designed to safeguard your home, your family and your future by providing financial security and peace of mind.
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Allow us to guide you through the complexities of the insurance market, aiding you in making well-informed decisions. Our protection consultation service includes a thorough risk assessment. Our experienced advisors analyse your situation to find possible risks. Then, we design custom protection plans just for you, making sure you're covered and feel secure.
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Whether you're looking for mortgage protection, serious illness cover, income protection or life insurance, our experienced advisors are dedicated to tailoring a plan that suits your individual needs and financial situation. With us, you can feel confident knowing you're prepared for life's unexpected twists and turns.
​MORTGAGE PROTECTION
When you take out a mortgage, your provider will insist you have enough cover in place to repay it if you die within the term of your mortgage. Mortgage protection is a safety net designed to help cover your remaining mortgage if something unexpected happens. It ensures that your family can hold onto their home, even during tough times. The cover provided decreases over the term of the plan, broadly in line with the capital outstanding on your mortgage.
SERIOUS ILLNESS COVER
Serious illness cover is available as an extra feature with many life insurance policies. It provides a tax-free lump sum payment if you're diagnosed with a severe illness like cancer, heart attack, or stroke. If you're facing a serious illness, worrying about finances should be the least of your concerns. However, if your illness prevents you from working, have you considered how you and your family would manage?
​INCOME PROTECTION
Income Protection provides monthly financial support if illness or injury prevents you from working, until you're able to return to work. When illness strikes, the last thing you need is financial stress on top of health concerns. This money helps cover bills and expenses related to medical treatment, easing financial strain during recovery. With an income protection plan, you gain peace of mind knowing you're covered, allowing you to focus on recovery without worrying about money.
LEVEL TERM PROTECTION
With Level Term Protection, the pay-out amount remains constant throughout the duration of the policy, providing straightforward and consistent protection for your loved ones. Whether you're a new parent or already have children, ensuring the care and protection of your family is paramount. Have you considered what would happen if you were unable to support them for any reason? Level Term life insurance is widely favoured for its simplicity and reliability. This type of cover safeguards you in the unfortunate event of your passing during the policy term.
CONVERTIBLE PROTECTION
Convertible protection includes an extra perk for the policyholder: the choice to convert the policy into a new one for a longer duration. With convertible protection, this option provides flexibility and peace of mind, as it allows individuals to adapt their coverage to their changing needs and circumstances over time. This option is available without requiring a medical examination or providing evidence of good health at the time of conversion.
WHOLE OF LIFE PROTECTION
Whole of Life Protection is a life assurance plan that lasts for the policyholder’s entire life. You can have peace of mind knowing that your family will receive a lump sum pay out in the event of your passing. You also have the option to set up the policy as a section 72 plan, which is established under trust for your beneficiaries. This ensures that sufficient funds are available to your loved ones to pay off any potential inheritance tax liabilities that may arise upon your death.
​PARTNERSHIP PROTECTION
Partnership or Shareholder Protection is designed to protect the interests of directors and shareholders within a company. Partnership Protection is available to members of any business partnership. If one partner passes away, it provides funds to facilitate the purchase of the deceased partner's share of the partnership from their next-of-kin. This ensures that the business remains stable, and the ownership structure remains intact.
PENSION TERM PROTECTION
A Pension Term Protection policy is a valuable solution designed to provide life cover for those in non-pensionable employment. This includes self-employed individuals or those who are not members of an employer-sponsored pension scheme. You can enjoy peace of mind knowing that your loved ones will be financially protected in the event of your passing. This coverage also has potential tax benefits. You may be eligible to claim tax relief on premiums based on age-related earnings and percentage limits on pension contributions.