Protection
The protection conversation is a difficult conversation to have but it is one of the most important that we have with our clients. No one wants to discuss life changing events that could have an impact on our loved ones but having to worry about your financial matters in the aftermath of one of these events happening is even worse.
There are lots of different types of protection insurance available and speaking to an adviser is crucial so that they can talk you through the options that are available. An adviser can talk you through the different options, how they work and explain the real value of a product and how it will support you. The question isn’t whether or not to get protection insurance, but whether you can afford to live without it?
As with all insurance policies, conditions and exclusions will apply. The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.
Life Insurance
Life insurance is designed to pay out a lump sum if you die and is there to help provide financial support to your loved ones so they can keep on paying the bills and continue to live how they always have. It could help them pay for the funeral, pay off the mortgage, clear any debts, cover childcare and education costs, or just cover general living expenses.
When it comes to life insurance, you can choose the amount of
Critical Illness Cover
Critical illness insurance is designed to pay out a lump sum on the diagnosis of certain specified critical illnesses or medical conditions. These policies can vary based on the number of conditions that they cover and crucially the wording of these policies in how likely that they are to pay out. In fact, most providers offer the option of a standard plan and then a more enhanced plan with additional conditions covered including payouts for lesser conditions such as less advanced cancers.
Income Protection
Many of us would struggle to keep on top of our essential outgoings, such as your mortgage and rent if we lost an income due to illness or an accident. Income protection is a long-term insurance policy that makes sure you get a regular income until you retire or are able to return to work. Income protection can provide you with either a fixed monthly benefit amount or a percentage of your earnings following the deferred period. The deferred period is the period that you need to wait before
Buildings & Contents
Family Protection
Family protection insurance is a life insurance which pays out a lump sum or specified income on the death of the policy holder. This gives a financial buffer to your family members, giving you the peace of mind that they are free from financial strain. Whilst mortgage protection is taken to protect the mortgage debt, family protection is taken to replace the loss of income to the household.
Business Protection
Business protection insurance helps business owners plan for the unexpected. It helps the business continue with minimal disruption even if a key employee or director dies, becomes critically ill or is seriously injured. Business protection is available for many types of businesses including partnerships, sole traders and limited companies. You can design it around your business’ specific needs.
Trusts & Wills
Having your insurance policy in trust will ensure that the right money gets to the right person at the right time. Keeping life insurance in trust and outside your estate means that your beneficiaries typically get access to the money faster alleviating any financial burdens sooner. There is no additional cost to putting your insurance in trust and minimal additional paperwork. Your life insurance written in trust and protected by a will ensures your finances and final wishes are taken care of.
Trusts & Wills are arranged by introduction only.
"If you would like any further information on any of these specialist areas, please submit the contact us form and we can arrange a meeting so that we can discuss your individual circumstances."
Clients
“Some Of The Protection Partners We Work With”
