Different types of protection

Life Assurance

Life cover is there to pay out a lump sum in the event of a specific party dying.

This may be a set amount or could be linked to financial commitment. The most common example of this is to pay of the remaining mortgage balance on a property in event of death.

Life cover is put in place to protect the ones you love if you are no longer around

Critical illness cover

Critical illness cover works in a very similiar manner to life cover and can usually be taken out together under one policy.

In the event of you being diagnosed with a critical illness the provider will pay out a lump sum to support you at a time you need to focus on your health/care needs.

income protection

Income Protection is to replace your income if you are unable to work due to illness.

This will be a monthly payment to replace your current earnings or to pay out a nominated amount to cover essential costs at a time when you are unable to work.

This may allow you to focus on your recovery without the same financial pressures against you.

The payments may be till retirement or for a limited period of time.

Family income benefit

Family income benefit allows the policy maker to ensure a set amount is paid on a monthly basis.

This differs from life cover which is paid in a lump sum.

Some people want to ensure a regular income is paid in event of death to their partner or potentially have it paid to a dependant child  to help them for nominated timescale after you are gone.

Tel: 0161 327 1917


JWA Financial Solutions is a trading name of Just Mortgages Direct Ltd, which is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Some Buy to Let Mortgages and Commercial Lending are not regulated by the Financial Conduct Authority. Just Mortgages Direct Ltd registered office: Colwyn House, Sheepen Place, Colchester, Essex, CO3 3LD Registered in England & Wales No 2412345. 


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