Protection and Life Assurance
Life assurance policies ensure that outstanding financial commitments you have when you die are taken care of and not passed on to your dependents. These policies can also provide cover in the event of critical illness or loss of income due to a prolonged period of absence from work due to sickness or disability.
We work with mortgage-holders, parents and business owners who have financial dependents for whom provision will be needed when they die or if they become critically ill.
How we work
Our adviser will first look at your existing life assurance policy, if you have one, as some employed people are covered by their company pension plan and many homeowners purchase assurance alongside their mortgage. Self employed individuals may have a greater need as they do not have benefits offered by some employers. We will also consider if the plan in existence is the most tax efficient for your needs and can consider tax efficient life cover through plans for limited company directors and their employees.
- review the suitability of any existing arrangements so that your costs are kept as low as possible and the cover is appropriate
- work with you to understand what you need from a new policy and find the most suitable option available
- If no cover exists, we will recommend a suitable level of cover and will ensure that the plans are written in the most tax efficient manner
If appropriate, we may also write the policy in trust so that it does not become part of your estate and is never liable to inheritance tax.
Income Protection
Income protection insurance safeguards the financial security of your dependents in the event of you being unable to work through ill health or disability.
When thinking about income protection, it is important to consider:
- for how long your employer would continue to pay you in the event of illness
- how far your savings might stretch if you became ill or were unable to work because of a disability
- whether you would need insurance payments to begin immediately, after a short delay or in the mid-to-long term
- that self-employed people do not have the security of employer-provided benefits and policies to fall back on
Our advisers help employees and the self-employed find an insurance policy that works for their circumstances, needs and budget.
How we work
Our advisers will first establish whether you already have a form of income protection insurance, as many employers choose to offer this as an employee benefit or incentive.
If you need a new policy, we will find a solution that is tailored to your needs from a wide range of insurance products.
If you’re self-employed, we can help you work out:
- what percentage of your earnings your policy should cover
- how long you can manage without any payments
- how much you can afford to pay in monthly premiums
- whether an ‘any occupation’ or ‘own occupation’ policy is appropriate