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Stagg Protection Services

Personal Protection Insurance

Are you ready to protect your family’s future? You work hard today. You deserve peace of mind tomorrow. Personal protection insurance guards against life’s big risks.

Secure Your Future with Personal Protection Insurance

Life is full of surprises, right? Some are wonderful, but others can be tough. What if something unexpected happened?

At Stagg Protection Services, we are committed to delivering comprehensive personal protection coverage designed to provide financial stability for you and your family. Our goal is to ensure you have access to the right financial resources when you need them most.

We offer a variety of protection policies tailored to meet your individual needs. These options include coverage to help your family pay off your mortgage in the event of your passing, a lump sum payment upon a critical illness diagnosis, and support for your mortgage or monthly expenses if you are unable to work due to illness or injury.

We are committed to identifying the most suitable solution for your individual needs.
Our offerings include life coverage to provide a lump sum benefit to your family in the event of your passing, critical illness coverage to assist with medical expenses, mortgage payments, or daily living costs in the event of a qualifying illness diagnosis, and income protection to support your mortgage repayments or monthly expenses if you are unable to work due to illness or injury.
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Why Choose Stagg Mortgage Services

tailored advice

Tailored Advice Just For You

We listen carefully. We learn about your life and your worries. Then we suggest protection that truly fits your needs. No pushy sales, just honest guidance.

personal protection insurance

Clear Explanations, No Jargon

Insurance can be confusing. We explain everything in plain English. We want you to feel confident. You'll understand exactly what your policy does.

personal protection insurance

Support When You Need It Most

Our relationship doesn't end when you buy a policy. We're here for you long-term. Have questions? Need to review your cover? We're just a call away.

What is Personal Protection Insurance?

So, what is personal protection? Think of it as a safety net. It helps protect you and your family financially. If bad luck strikes, these policies pay out money. This money helps cover costs when you need it most. It stops a health problem turning into a money problem too. There are different types of cover. Let’s look at what might suit you.

Life Cover: Keep Your Family Secure at Home

Your home is important. You want to protect it for your family. Mortgage protection insurance helps do just that.

There are various types of life insurance coverage available to consider. The first is mortgage protection insurance, which serves as a safeguard against significant risks.

What's covered?

Financial support

This policy is a safeguard for your home loan. It provides money for your family if you pass away. They get the funds needed to pay off the mortgage.

Matches Your Mortgage

The amount of cover can decrease over time. This is designed to align with your mortgage repayment schedule. As your mortgage debt reduces, so does the cover amount. This option is often linked to your mortgage term.

Consistent Cover Amount

Alternatively, you can choose a level policy. The coverage amount stays the same throughout the policy duration. This can provide enough funds to settle the mortgage. It might also leave an extra lump sum for your family.

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Critical Illness Cover: Financial Help for Serious Illness

Getting very sick is hard enough. Money worries shouldn’t add to the stress. Critical illness cover helps ease the financial strain.

Critical illness coverage can serve as an essential safeguard for you and your family against the financial challenges that may arise from a critical illness diagnosis.

What's covered?

Financial Safety Net

This cover is an essential safeguard for your finances. It protects you and your family from money worries following a critical illness diagnosis. You receive a cash lump sum payment.

Receiving Your Payout

You get the payout if you are diagnosed with, or undergo a procedure for, a specific illness listed in your policy. You typically need to survive 14 days after the diagnosis. (Note: This can often be added at extra cost when taking out life insurance).

Covering Costs

This financial support helps with many different expenses. Use it for childcare, household bills, or mortgage payments. It helps maintain your standard of living during recovery or potential time off work.

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Income Protection Insurance: Your Salary Safety Net

What if illness or injury stopped you from working? How would you pay your bills? Income protection insurance helps replace your lost earnings.

How long could you manage without your salary if you were too ill or injured to work? Savings run out quickly, and state benefits offer minimal support. Income protection provides a replacement income stream.

What's covered?

Monthly Income Support

This insurance provides financial support if illness or injury stops you working. It pays you a regular monthly benefit. This helps cover essential costs like your mortgage or other bills.

Flexible Cover Amount

You choose how much coverage you need. Often, you can cover a percentage (e.g., up to 60%) of your usual income, subject to provider limits. You don't have to take the maximum; select an amount based on your budget and what you need to cover (e.g., just mortgage or total essential expenses).

Payment Start Date

Benefit payments don't start immediately when you stop working. They begin after a pre-agreed waiting period that you choose when setting up the policy. This ensures the cover aligns with your needs (like when employer sick pay ends).

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Whole of Life Insurance: Cover That Lasts Your Entire Life

Some people want cover that lasts forever. That’s what whole of life insurance offers. It’s sometimes called full life insurance or a whole of life policy.

If you want guaranteed life cover that won’t expire, or if you need cover for inheritance tax planning or leaving a legacy, this type of policy might be suitable. It provides lifelong peace of mind.

What's covered?

Lifelong Protection

This life insurance covers you for your entire life, unlike fixed-term policies. It lasts as long as you keep paying premiums. The policy pays a lump sum benefit when you pass away or if you become terminally ill.

Why Choose It?

It's often chosen to leave a financial legacy for family. It can also help address inheritance tax concerns or protect a business after your death. You can choose level cover (a fixed payout amount) or increasing cover (payout adjusts over time).

Premium Options

You can have guaranteed premiums. These stay the same for the whole policy life but usually cost more initially. Or, you can choose reviewable premiums. These start lower but are reviewed periodically and may increase later.

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Family Income Benefit: Regular Payouts for Your Family

If you prefer your family receives ongoing financial support rather than a single large payment (which needs managing), FIB can be ideal. It provides regular income for crucial years, often at a lower cost.

Family income benefit operates similarly to life insurance by providing coverage for an individual. However, instead of offering a one-time payout upon a claim, it disburses a regular tax-free income until the end of the policy term.

What's covered?

Regular Income Payout

This cover works like life insurance but pays out differently. Instead of one large lump sum, it provides a regular tax-free income if you pass away during the term. Payments continue until the policy ends.

Ideal For Specific Needs

It's especially helpful for families with young children, providing support until they're older. It also suits single parents wanting to fund a guardian, or caregivers needing help with bills like nursing care or school fees.

Flexible & Cost-Effective

You might have the option to take the payout as a lump sum instead of income when a claim is made, if it suits better then. This type of cover can be more budget-friendly than standard life insurance.

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Trusts: Smart Control Over Your Life Insurance Payout

Want to make sure your life insurance payout goes exactly where you want it? Using a trust is a smart way to do this.

Using a trust ensures your payout goes quickly and directly to the people you choose, often avoiding inheritance tax and legal delays. It’s particularly important for unmarried couples or complex family situations.

What's covered?

Control Where Money Goes

Using a trust is essential when arranging life insurance. It guarantees the policy payout is distributed exactly according to your wishes. The money is paid to people you appoint (trustees). They then give it to your chosen beneficiaries as set out in the trust.

Financial & Speed Advantages

Placing your policy in trust helps maximise the benefits. The payout is typically kept separate from your legal estate. This usually means it avoids inheritance tax. It also helps ensure your beneficiaries receive the payment much faster, avoiding legal delays (probate).

Protect Specific Loved Ones

Trusts are vital in certain situations. For unmarried partners, it ensures the payout goes directly to your partner (e.g., to cover the mortgage) instead of potentially to other family members (like parents). If you have children, it ensures funds are designated for their support if both parents pass away.

We can help: Setting up a trust sounds complex, but it doesn't have to be. We guide you through the simple process.

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How Much Does Protection Cost?

People often ask about the average cost of life insurance in the UK or other protection. The truth is, the cost varies. It depends on you and the cover you choose.

  • Factors influencing cost: Your age, health, and lifestyle matter. The type of cover you pick is key. How much cover you need and how long you need it for also affect price.
  • Getting affordable quotes: Our job is to find cover that fits your budget. We compare options to get you suitable protection. Don’t assume it’s too expensive before talking to us!

With all insurance policies, conditions and exclusions will apply.

More FAQ about Protection Insurance

It’s a range of insurance policies. They provide financial help if you die, get seriously ill, or can’t work. They act as a safety net for you and your family.

If your income stopped, could your family cope? If you have people depending on you, or large debts like a mortgage, protection is usually vital.

It depends on your situation. Consider your debts, living costs, and future needs. We help you calculate the right amount during our chat.

Yes! Many people mix and match. For example, you might have life insurance and income protection. We help build the right package for you.

It’s important to review your cover regularly! Big life events like marriage, kids, or a new house might mean you need to update your protection. We can help with that.

Stagg Protection Services

Over 1000+ Happy Clients

At Stagg Protection Services, we believe getting the right protection is incredibly important for your peace of mind and your family’s future. We think everyone deserves clear, expert guidance – not confusing jargon or a one-size-fits-all approach. We’re committed to helping you get the right money at the wrong time.

Get To Know Our In-House Advisor!

Advice Tailored to You

You’re never just another policy number to us. We take the time to genuinely listen and understand your unique situation, your worries, and your goals. Then, we find protection solutions crafted specifically for you.

Simple, Clear Explanations

Forget confusing insurance speak! We explain all your options in plain English. Our goal is for you to feel completely confident and clear about what your cover does.

Expert Guidance You Can Rely On

We live and breathe personal protection. We use our specialist knowledge to guide you to suitable options from the range of insurers we work with, ensuring the advice fits your needs.

Support For the Long Haul

Our service doesn’t end when your policy begins. We're here for you down the line – whether you have questions, need to review your cover, or critically, if you need support when making a claim.

No Fee for Our Advice, Transparent Fees

You benefit from our expert advice and arrangement service at no direct cost to you. We are completely upfront and clear about any fees associated with our advice service, so there are no surprises.

Fully Authorised & Regulated

For your peace of mind, Stagg Protection Services is authorised and regulated by the Financial Conduct Authority (FCA).

Further information

We are here to remove the stress from a sensitive situation, allowing you to focus on what matters most and ensure that you have provisions in place when the unexpected happens. Therefore, if you would like to arrange a meeting to discuss your unique requirements please contact us.

Getting you the right money at the wrong time.

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Address

Stagg Mortgage Services
6 Dyche Lane
Coal Aston
Dronfield
S18 3AB

Telephone

0330 133 9177
Option 2

Email

info@staggprotectionservices.com

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Thank you for your message

One of our advisors will be in touch, if you need to get in touch before that, please see our contact details

Telephone

0330 133 9177

Email

info@staggmortgages.com