Protection

At Oasis Wealth, we offer ways to protect your cash and assets. In summary, we offer the following types of insurance:

  • Life insurance (money for your family, spouse and children - if you or your loved one dies)

  • Critical illness (money if you have a serious illness such as a heart attack or stroke)

  • Income protection (money paid monthly to you, if you are ill or sick)

  • Health insurance (money to pay for medical bills, fast-tracking to private treatment rather than using the NHS and having to deal with ‘waiting lists’)

As shown in our ‘Guide to Protection’ document, an average (non-smoking) couple aged 40 has an alarming 61% chance of experiencing either a critical illness, a prolonged inability to work or an untimely death before the age of 65.

We describe below more on each of the 4 insurances we provide:

Life Insurance
Life insurance provides a lump sum on death and comes in two basic forms: term insurance and whole of life insurance.

  • Term insurance will provide cover for a specified period only (eg 10, 20, 30 years) and are typically used to cover a financial liability and make sure your family are looked after if you die.

  • Whole of life insurance provides a lump sum whenever death occurs (we all die, so there will be a guaranteed payout to you/your family). This plan is usually designed to cover liabilities that arise on your death such as paying for inheritance tax.


Critical Illness Cover
Critical illnesses such as cancer or a heart attack can be financially damning for you and your family, not only can this increase your expenses but also prevent you from working again. These plans provide a lump sum payment if you are diagnosed with a major illnesses, and help support you and your family.

Private Medical Insurance
Private medical insurance provides cover for private treatment rather than relying on the NHS. This means no long waiting times. You can also have the option of taking a policy where you can select the private hospital of your choice.

Income Protection
Your earning potential is key to your family, however unforeseen events such as prolonged illness or injury can limit our potential to earn. These plans will cover you for a specified number of years (even to retirement) and will provide you and your family with a ongoing income during the period you are unable to work.