Protection sized to what your family would actually need

What insurance and protection planning is

Protection planning makes sure that the people who depend on you would be financially secure if you died, became seriously ill or could not work. The main tools are:

• Life insurance, which pays a set amount to the people you choose if you die while covered.
• Critical illness insurance, which pays a lump sum if you are diagnosed with a covered condition and meet the policy’s terms.
• Disability insurance, which replaces part of your income if illness or injury stops you from working.

Term or permanent life insurance

Term insurance covers a set period, often 10, 20 or 30 years, and suits needs that end, like a mortgage or the years children live at home. It costs less to start but builds no cash value, and renewing it later costs more.

Permanent insurance lasts for life as long as premiums are paid, and suits needs that do not end, such as final taxes or a planned inheritance. Whole life and universal life policies work very differently, so they need careful comparison. Many families use a combination of both.

Who it can help

Anyone whose income or care someone else relies on: parents, people with a mortgage, business owners with partners or key staff, and people who are self-employed and have no workplace benefits.

What to consider

The right amount of coverage comes from what would need to be paid for, and for how long: debts, the years of income your household would need, childcare and education, and final costs. Coverage you already have, savings and group benefits reduce that need. Price depends on your age, health, whether you smoke, the amount and length of coverage, and sometimes your occupation.

Limits and risks

Insurance policies are issued by insurance companies, not by Neyos, and every policy is subject to the insurer’s underwriting and terms. Policies have exclusions and conditions; a claim is paid according to the contract, not according to what anyone expects it to cover. Answering application questions fully and accurately matters, because errors can affect a claim.

How Neyos helps

We start with a written needs analysis that shows how we arrived at an amount. Then we compare suitable options, explain the differences in plain language, guide you through the application and underwriting, and review your coverage as your life changes.