There are a vast array of protection policy solutions available to our clients, such as Life Insurance, Critical Illness Cover, and Income Replacement. Each has a selection of features and benefits. It is our job to recommend those policies that meet our clients’ individual needs.
In addition, we seek to protect your estate and ensure wherever possible that your wealth is passed on in accordance with your wishes. Whole of Life policies may be utilised in Inheritance Tax Planning. We will also consider the use of Trusts, again where appropriate.
Life Assurance
Life Assurance is the foundation of any financial planning. The loss of a partner or family member is distressing enough without the worry of being able to cope financially. We will seek to understand the effect the loss of their income could have on your financial security and ability to maintain lifestyle. Utilising either Term Assurance or Whole of Life plans we will recommend the most appropriate and help you in the application process. Where appropriate we will utilise trusts to ensure that the proceeds of such plans are paid to the chosen people at the right time.
Critical Illness
Serious illness can wreak havoc on both an individual and their dependant’s financial security. Illnesses such as heart attack, stroke and cancer can cause an individual to never return to work, work in a reduced role or perhaps return to work after a period of convalescence. The complete or partial loss of income can come at a time of maximum stress. Utilising the many innovative products available to us we will recommend the most suitable to mitigate the risk.
Income Replacement
The vast majority of us are reliant on our income to pay the bills and maintain lifestyle. We have bills to pay whether they are essentials such as mortgage, food and utilities or the luxuries such as holidays, eating out and gym memberships. However what would happen should the income stop? How long could bills be paid and lifestyle be maintained on savings or benefits? These are the questions we seek answers to in order to establish if an income replacement policy would help you mitigate the risk. We have a vast array of policies available to us, ensuring that the most suitable is always recommended.
Relevant Life
A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It is designed to pay a lump sum if the employee dies whilst employed during the length of the policy. It will also pay out if the employee, whilst employed, is diagnosed with a terminal illness and meets the insurers definitions. A Relevant Life Plan is paid for by the employer.
