With statistics stating that over 30 million adults in the UK do not have sufficient cover and insurance it is important to recognise, whatever your age, the benefits to early cover by far outweigh the possibility of what could have happen should the worst be experienced.
Clients’ individual needs with regard to critical illness, income and family protection will be identified and the best solution presented.
One major point worth considering is that any proceeds from a life insurance policy will be added to the deceased’s estate. A simple avoidance of the Inheritance Tax problem is to place the Life Insurance in Trust and therefore keeping it free from Inheritance Tax. Our experience in this area will ensure we provide you with the best possible advice and cover.
We will also identify and address your Life and Critical Illness and Income Protection needs for your family, mortgage or your business, within which will be the reviewing of your existing cover in light of any changes in circumstance.
There are other providers of Payment Protection Insurance (Short-Term Income Protection) and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
It unfortunately is a sad fact that many of us are happy to insure our car, house or belongings but not ourselves, when after all there is so much more at stake for our loved ones.
The Financial Conduct Authority does not regulate taxation and trust advice.