Tenant Protection | Embrace Financial Services

If you were unable to work, how would you pay the rent?

The average cost of rent or mortgage payments for a family is £508 per month¹.
The average monthly household spend on food and utilities is £1,035 per month¹.
The average family savings pot £3,494. How long would this cover your expenditure?¹.
Have you checked to see what assistance might be available to you?
Statutory sick pay is currently £109.40 a week. If you weren’t eligible for other assistance, would this cover your outgoings?²

Protect your home and your loved ones

Don't let serious illness, stress, injury or death let you or your loved ones lose your home.

Critical illness insurance

Is designed to pay a lump sum or a regular income if you are diagnosed with a ‘critical illness’, as specified in the policy terms and conditions.
The lump sum or regular income can be used towards meeting your rent and bills or could cover the costs of any additional medical requirements you may have.
You can take the time needed to recuperate fully without the anxiety of worrying about money.

Income protection insurance

Is designed to replace a proportion of the income you lose if you cannot work due to sickness, stress or accidental injury.

Life insurance

Life insurance is a protection product that can provide your family or dependents with a lump sum if you were to die during the policy term.

Help with rent or mortgage payments
Help repay your outstanding debts
Help maintain your family’s standard of living

Family income benefit

Family Income Benefit (FIB) is a type of life insurance. Policies run for a set period of time known as "the term". If you die within this period, the policy pays out a regular tax-free income until the end of the term. With traditional life insurance, a lump sum is paid out on death.

¹AVIVA Family Finances Report, January 2018. ²GOV.UK, 2023. ³Aviva Protecting our Families Report, March 2017.