Protection

Life Cover

No amount of money can ever compensate for the loss of a loved one. However, whilst it cannot ease the pain, cash from a life insurance policy can help with the financial difficulties that can often arise as a result.

A life insurance policy pays out a tax free lump sum if you die during the term of the policy. The amount of life cover can be decreasing if it is to cover a repayment mortgage or level if it is to cover an interest only mortgage. It can also be paid as a tax free regular income rather than a lump sum if there is a need to provide an income for your family on your death rather than to provide a lump sum to pay off a mortgage for example. If it is a single life policy then it can be placed in trust so that on death, the proceeds of the policy are paid directly to your beneficiaries thereby falling outside your estate. This can be beneficial for inheritance tax planning.

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After assessing your needs and agreeing a budget, I will obtain illustrations from a number of providers such as Aviva, Aegon, Axa, Legal and General and Zurich to name but a few and I will make a recommendation based on your individual circumstances. Together we will go through full details of the policy that I recommend to ensure you fully understand the policy you are taking out.

If you have suffered health problems in the past and life cover is declined by a mainstream insurer, most people assume that cover is not available anywhere. However I have access to the UK’s longest established UK insurer offering financial products for those whose health or lifestyle means that their life expectancy is likely to be reduced.

Critical Illness Cover

No one likes to consider the possibility of being diagnosed with a critical illness, for example, heart attack, some forms of cancer, stroke etc. Taking out a critical illness policy will give you valuable financial peace of mind when you might need it most so you can relax knowing that you’ve taken steps to help secure your financial future. Unfortunately a critical illness can strike anyone at any time in their life. If you suffer a critical illness, worrying about money should be the last thing on your mind.

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A critical illness policy pays out a tax free lump sum on diagnosis of one of a range of specific illnesses. The amount of critical illness cover can be decreasing if it is to cover a repayment mortgage or level if it is to cover an interest only mortgage. It can also be paid as a tax free regular income rather than a lump sum if there is a need to provide an income for yourself and your family rather than to provide a lump sum to pay off a mortgage for example.

After assessing your needs and agreeing a budget, I will obtain illustrations from a number of providers such as Aviva, Aegon, Axa, Legal and General and Zurich to name but a few and I will make a recommendation based on your individual circumstances. Together we will go through full details of the policy that I recommend to ensure you fully understand the policy you are taking out.

Income Protection

We all want to live a happy and healthy life and assume that we will always be able to work but have you considered how you would afford to pay your mortgage and bills each month if you were unable to work? How long would your savings last?

If you are unable to work due to illness then an income protection policy can help replace some of your lost income by paying you a regular monthly income. It can provide financial support and help alleviate the financial stress for as long as it takes to get fit enough to return back to work, until you retire or the plan ends.

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After assessing your needs and agreeing a budget, I will obtain illustrations from the many providers available and I will make a recommendation based on your individual circumstances. Together we will go through full details of the policy that I recommend to ensure you fully understand the policy you are taking out.

Accident, Sickness and Redundancy

Due to the current economic climate, we hope that job losses will not affect us but in such uncertain times it’s hard to predict what’s around the corner. It’s stressful enough losing your job but trying to keep your mortgage payments and household bills from falling in to arrears is the last thing you want to have to worry about.

An Accident, Sickness and Redundancy policy (also known as Mortgage Payment Protection Insurance or ‘ASU’) is designed to provide you with an income if you are unable to work due to an accident, sickness or if you are made redundant. Most policies provide you with monthly payments to cover your mortgage payments and associated household bills for up to 12 months.

After assessing your needs and agreeing a budget, if you have a need for an accident, sickness and redundancy policy either as a stand alone accident and sickness policy or including redundancy, then I will obtain illustrations from the providers available and I will make a recommendation based on your individual circumstances. Together we will go through full details of the policy that I recommend to ensure you fully understand the policy you are taking out.