We never want to think about it but should the worst happen would your family be protected?
Life assurance offers valuable financial protection and peace of mind in the event of death or critical illness, especially where you have a family dependant on you and/or your income. This could provide a lump sum or an income payable on death or critical illness, over a specific term of years e.g. the term of your mortgage. Benefits payable could form part of your estate, if not written in trust and could be liable for inheritance tax, if the value of your estate is above a certain threshold.
There are many areas which need to be addressed to ensure you have the correct cover in place and we can advise in the following areas:-
Level Term Life Assurance
Decreasing Term Life Assurance
Critical Illness Insurance
Income Protection Insurance
Accident, Sickness and Unemployment Cover
Convertible Term Assurance
Family Income Benefit (FIB)
If you are a business owner or if you are self-employed and you were unable to work, the effect on your family and business finances could be dramatic. Also if a key member of your business was to fall ill your business may be forced to stop trading if the cash flow does not enable you to replace key people, be that yourself or a valued employee, as well as covering the expenses of the day to day running of the business.
Again, we can assist by advising on the following:-
Key Person Insurance
Relevant Life Insurance
Group Private Medical Cover (PMI)
Group Income Protection Insurance
Group Critical Illness Insurance
Death in Service
We also can assist in arranging the following cover:-
Buildings and Contents cover
Accident, Sickness and Unemployment cover (There are other providers of Payment Protection Insurance [Short-Term Income Protection] and other products designed to protect you against loss of income).
** The cost of PPI varies dependant on the age of the applicant and cover selected. An indication of the average cost of PPI to the Consumer would be £4.57 for every £100 of Monthly Benefit.
For impartial information about insurance, please visit the website at www.moneymadeclear.org.uk.
Travel insurance cover
Professional Indemnity Cover