Life Insurance
As a general rule, we recommend that you have minimum sufficient life cover in place that will repay any debt, plus enough to replace your total household income. You can achieve this in a number of ways and we can guide you through the options available. An outline of the types of assurance is given below.
You should also consider protecting your income. Your employer may provide a Sick Pay Scheme, but it may not cover all of your net take home pay. Permanent Health insurance or Income Replacement can replace a part of your income if you fall ill.
In the same way, Critical / Serious Illness protection can provide a lump sum should you fall victim to a life threatening illness.
Mortgage Protection Insurance:
Not to be confused with Mortgage Payment Protection Insurance, this is a life assurance that decreases in a way similar to that which your debt decreases, such as with a capital repayment mortgage. It is an inexpensive way of protecting your debt. It can ensure that your loved ones do not inherit debt should you die prematurely.
Level Term Assurance:
Term Life Assurance with a sum assured that remains constant or that can be increased over time can be arranged if you have a liability or liabilities that remain constant or increase over time.
Critical Illness Benefit:
This can be added to any of the above Term Assurances and will pay the sum you select at the outset in the event that you are diagnosed as suffering from a life threatening illness. Receiving a lump sum from a Critical illness plan can allow you to change your lifestyle and aid recovery. You can set the level of critical illness benefit at a different level to that covered by the death benefit.
Protection & Investment Ltd
Life insurance companies have a range of policies that will pay out on death or in the event of Critical Illness. The sum assured in the event of a claim can be a Level, reducing or increasing lump sum, or can provide a TAX FREE income. Whatever your circumstances, because Protection and Investment Ltd. is an Independent Financial Adviser firm, we can find the policy that is the best and most cost effective solution for you. We can even help if you have a pre-existing medical condition or sometimes if you have suffered form a serious illness in the past.
Life Insurance
As a general rule, we recommend that you have minimum sufficient life cover in place that will repay any debt, plus enough to replace your total household income. You can achieve this in a number of ways and we can guide you through the options available. An outline of the types of assurance is given below.
You should also consider protecting your income. Your employer may provide a Sick Pay Scheme, but it may not cover all of your net take home pay. Permanent Health insurance or Income Replacement can replace a part of your income if you fall ill.
In the same way, Critical / Serious Illness protection can provide a lump sum should you fall victim to a life threatening illness.
Sick Pay (PHI – Permanent Health Insurance):
If your employer does not offer sick pay or if you are self-employed, PHI can be put in place to replace a part of your income if you fall ill for a prolonged period.
Protection & Investment Ltd
Life insurance companies have a range of policies that will pay out on death or in the event of Critical Illness. The sum assured in the event of a claim can be a Level, reducing or increasing lump sum, or can provide a TAX FREE income. Whatever your circumstances, because Protection and Investment Ltd. is an Independent Financial Adviser firm, we can find the policy that is the best and most cost effective solution for you. We can even help if you have a pre-existing medical condition or sometimes if you have suffered form a serious illness in the past.
I WOULD LIKE INSURANCE TO PROTECT AN INHERITANCE TAX LIABILITY
Protection & Investment Ltd
Inheritance Tax is in many ways voluntary! Planning ahead, judicious use of Trusts and an awareness of your future income requirements can save your estate thousands of pounds. As Independent Financial Advisors we can identify the most cost effective and suitable arrangements for your particular circumstances.