Different cover insurance and why it's important to be covered

The recent Covid-19 news has made everyone more aware than ever that insurance is an extremely important asset to have. We caught up with Adam Kaplan, Director of Pendragon Protect, to ask him about different cover insurance and why it's important to be covered.

Hi Adam, tell us, who are Pendragon Protect and what do they do?

Pendragon Protect are a protection insurance broker offering fee free advice on Life Insurance, Critical Illness Cover and Income Protection insurance. We are not restricted to a panel of insurers, like most brokers, including mortgage brokers, nor are we single tied to one insurer like banks and building societies, therefore we have access to a range of insurers including insurers that don’t appear on comparison websites. We offer free, no obligation comparisons if you have existing cover.

Why should people have cover?

There’s so much in life we can’t control so we need to protect ourselves and the ones we love from the unexpected such as death, illness or accidents.

What is the best cover people should have?

The best cover for you may not be the best cover for someone else - everyone is individual and has different needs. We will advise you what is the most appropriate cover based on your own individual needs and circumstances.

What does life insurance cover?

Life Insurance can provide either a lump sum or a monthly benefit on death during the term of the policy. A lump sum is typically used to cover mortgage debt, funerals or to provide a legacy for dependents. Having your Life Insurance paid monthly can cover costs such as rent, utility bills, childcare and to put food on the table.

What does Critical Illness Cover?

Critical Illness Cover provides a lump sum payment or monthly benefit if you’re diagnosed with a specified critical or serious illness, during the term of the policy.

Critical Illness cover can provide financial help towards medical expenses, income that is lost and changes to your home and lifestyle where disability may have occurred.

What does Income Protection Cover?

Income Protection provides a monthly income if you’re unable to work due to an accident, injury or illness.

It can pay until you return to work, the policy ends, or you pass away.

There are lower cost options available, with limited payment periods, which are typically 2 to 5 years.

Why is now important to take out cover?

It is always important to take cover, however given the current crisis with coronavirus it has made people more aware of the importance to have Life Insurance, Critical Illness Cover and Income Protection as we’re not immortal and we do get ill.

How can I protect myself during Coronavirus?

Thankfully, Life Insurance, Critical Illness Cover and Income Protection is still available considering Coronavirus.

To find out how these can protect you and your family please get in touch.

Why don’t I just do this online?

To get a quote online, you’re only asked for your date of birth and if you smoke.

When you apply the insurers will ask you about your medical background, family history, occupation amongst other risk factors, which are likely to increase your premiums depending on your answers.

Why should we use Pendragon Protect?

Pendragon Protect offer fee free advice from a range of insurers and have access to the same premiums you will see online or if you go direct to an insurer.

The difference is we consider everything upfront, such as your medical background, family history and occupation.

We will advise you which insurer is offering you the best premiums and the most appropriate cover. 

If you’d like a free quote on any of the insurances listed above, contact Adam on 01604 807531 or complete your details on the “get a quote page” www.pendragonprotect.co.uk/get-a-quote/