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Protection
Preserving your wealth
Securing your Family's future
“It’s not about what you need; It’s about what your family needs if you aren’t here.” A little thought today can make a huge difference tomorrow. We have expertise in all aspects of asset preservation and can help you protect your family’s prosperity should disaster ever strike.
Life Assurance
- Life assurance is a type of life insurance that doesn’t have a term limit (unlike life insurance which has a set term). Life assurance claims therefore tend to be paid out no matter what age the policy holder is when they die provided they’ve kept up their monthly payments.
- There are three main types of Life Assurance policies: "Term Assurance", "Whole Life Assurance" and "Endowment Assurance"
- Each of the above types have sub-types which can be discussed during a consultation
Income Protection
- Income protection insurance (sometimes known as permanent health insurance) is a long-term insurance policy designed to help you if you can’t work because you are ill or injured
- It replaces part of your income
- It pays out until you can start working again - or until you retire, die or the end of the policy term - whichever is sooner
- There is often a waiting period before the payments start - you generally set payments to start after your sick pay ends, or after any other insurance stops covering you. The longer you wait, the lower the monthly premiums
- It covers most illnesses that leave you unable to work - either in the short or long-term
- You can claim as many times as you need to - while the policy lasts
Critical Illness Cover
- Also known as critical illness insurance, is a long-term insurance policy which covers serious illnesses that are defined within a policy
- If you get one of these illnesses, a critical illness policy will pay out a tax-free, one-off payment
- This can be used to help pay your mortgage, rent, debts, or any alterations to your home that may be required such as wheelchair access
- Be aware that not all conditions are covered and the policy will also state how serious the condition must be
- The policy only pays out once and then the policy ends
Family Income Benefit
- Family income benefit is a special type of life insurance policy
- In general, life insurance pays out a lump sum to your loved ones when you die. It’s then up to them to handle that money as they wish
- With family income benefit, your loved ones will instead be paid a regular income for a set period
We can also help you with...
Pensions
- Planning Retirement
- Approaching Retirement
- Annuities
- Income Drawdown
- Pensions and Divorce
Charities
- Investment Policy Statement (IPS)
- Review of Existing Investments
- Cash Flow Modelling
