Protection
We will consider and provide protection solutions to meet your individual needs and circumstances, including various options for life insurance, income protection, specified illness cover and mortgage protection. We can help you research the market to obtain the best-priced solutions.
Life Insurance
Life insurance provides an essential safety net for your family, ensuring their protection from financial hardships in the unfortunate event of you or your partner's untimely passing. It will provide the comfort of knowing that your family will receive a lump sum payment in the event of either your or your partner's passing. This financial support can help provide a replacement income to support the family's future financial needs.
Income Protection
Income Protection insurance is essentially salary protection that provides you with a reliable source of income in the unfortunate event that you cannot work due to an accident or illness. Invaluable tax relief is available on premiums and this essential cover will provide great peace of mind knowing that you can continue to meet your financial obligations, come what may. Income protection is very strictly underwritten and is very much dependent on one's medical history and occupation. If there is an opportunity to purchase this vital tax-efficient cover, then it should not be missed!
Specified Illness Cover
Specified illness cover pays a tax-free lump sum in the event of you being diagnosed with a number of specified serious illnesses. It can be difficult to assess the potential impact of a serious illness. How long will you be off work? Will you incur additional medical costs not covered by your medical insurance? Will your income be permanently impacted? We can discuss all of these factors with you and help you choose the most appropriate and affordable level of coverage. Typically, this will focus on repaying outstanding loans and providing a multiple of annual net earnings.
Mortgage Protection
Mortgage Protection Insurance is a crucial cover that ensures that ownership of your home remains safe in the event of the mortgage holders' untimely passing by repaying the outstanding debt and alleviating any potential financial burden on your family. This protection is regularly sold directly by lenders and tends, therefore, to be more expensive than securing the same through a Financial Broker who will research the market to secure the most favourable terms.
Partnership Protection
Partnership or Shareholder Protection is designed to protect the interests of Directors and Shareholders within a company. This type of cover involves a life assurance contract on the Directors' or Shareholders' lives. In the unfortunate event of a director/partner passing, the policy pays out a benefit that can be utilised by the remaining Directors or partners to buy back the shares of the deceased partner. This ensures that the business remains stable, and the ownership structure remains intact.