The provision of adequate cash funds to meet the demands of unforeseen events is an essential part of prudent financial planning with many different options, which we can guide you through.
The market for “Protection” assurances has evolved over a great many years and is now filled with a huge range of contract offerings of different types, benefits and of course prices and we will identify and explain the most popular ones
The provision of adequate cash funds to meet the demands of unforeseen events is an essential part of prudent financial planning.
Examples of 'events' that you should consider providing for:
Premature death Long term disablement or incapacity Long term sickness The diagnosis of a “life-threatening” illness Inheritance Tax Liabilities
The types of contracts available are:
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CRITICAL ILLNESS INSURANCE | |
| There can hardly be a person who has not experienced, directly or indirectly, the distress that the diagnosis of a serious illness brings to a family. The mortgage costs, routine bills and housekeeping costs will still have to be met and critical illness cover will provide for the tax-free payment of a lump sum, following diagnosis of a covered illness. Critical illness cover is inexpensive and should be an essential part of financial security for all families. Unfortunately, the chance of critical illness is much greater than you think! | ||
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LIFE INSURANCE | |
| Most households have basic life insurance cover in place to repay their mortgage following the unexpected death of a 'breadwinner'. This, of course, is essential but we very frequently find that the amount of benefit stops there! Basic life assurance cover does not cost large amounts and we frequently find that clients with older policies can replace these with identical cover at a much lower cost, or can substantially increase their current level of protection. If you have life assurance or mortgage protection assurance in operation, why not send us the details to see whether we can secure improved terms for you? | ||
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PROTECTION OF INCOME | |
| We are all used to having our income in the bank account at the beginning of the month but have you ever stopped to consider your position if this did not happen for one month or longer? Income replacement accident and sickness cover is an essential part of your financial protection package, if you do not have an employer's scheme that will pay adequate income until your retirement. This type of cover is especially important for the self-employed. |