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Protection

We work to help our clients achieve their dream of homeownership, and also to protect this should anything happen in the future.

Buying a home is a big commitment and it is important to consider your options around protecting your home, belongings, health, and loved ones. If you are remortgaging or moving home it isa good time to review any existing arrangements to make sure you have sufficient cover and they’re still the right products for you.

Therefore, for every client we arrange a mortgage for, we will complete a full protection review and review any current policies and recommend the most suitable products to help protect their assets and lifestyle.

If your circumstances have changed, would you be able to continue to pay your mortgage? If you or your partner were to die, become critically ill, lose your job or have an accident that prevented you from working how would this affect your financial situation?

We offer advice on a wide range of protection policies, that are designed to help you continue to meet your mortgage repayments and monthly commitments should any of these events happen.

  • Life insurance
  • Critical illness cover
  • Income protection
  • Accident, sickness and unemployment cover
  • Buildings and contents insurance
  • Business protection

Source: Aviva

Our aim is to provide financial security for when life happens to you and your family.  Please contact us and let us work on your future together.

Life Assurance

A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one-off lump sum if you die during the policy term.

With some term insurance policies you can add additional options, for instance, critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.

This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time period whilst keeping the cost to a minimum.

Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away.

We can help you find the plan that best meets your requirements.

Protection

Critical Illness Cover

A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often ‘bolted on’ to a life assurance policy as an additional benefit but can also be a standalone plan.

This type of plan is designed for those individuals or families who want a lump sum if they are diagnosed with a serious illness. As an example, this lump sum could be used to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home.

The quality of cover and the illnesses covered can vary significantly between different providers and we can help you find the plan that best meets your requirements.

Protection

Income Protection

An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age).

This type of plan is quite often seen as the foundation of any financial planning, as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household. It is designed for anyone who is working (employed or self-employed). It’s worth pointing out that even if your employer provides sick pay, it is unlikely to last for longer than twelve months, so ongoing protection is essential.

Plans can be adapted to fit in with any existing protection you might have and we can help you find the plan that best meets your requirements.

Protection

Business Protection

Business protection helps protect your business from financial losses incurred if a key person or owner should die or be diagnosed with a critical illness (if chosen) during the length of the policy.

Business protection is all about insuring for the unexpected and can help make sure a business continues to trade and allows the owners to maintain control while making sure dependants receive a fair value for their share of the business.

With a business protection arrangement in place, if people become ill or die, you will be able to:

  • keep their business trading;
  • replace key individuals;
  • provide employee benefits;
  • protect corporate debt, and
  • buy out a shareholder, or their estate, if they become critically ill or die.
Company board meeting in modern offices

Relevant Life Plans

A Relevant Life Plan is designed to provide life cover for an employee, which can include company directors, whilst they are employed.  The plan offers additional advantages, most notably tax efficiency.

While the life cover is personal to you and your employees, the policy counts as a business expense and is tax deductible and also does not count towards annual or lifetime pensions allowances and therefore more money can be put towards the pension.  It is also a cost-effective way to offer life cover to your employees if your business is not eligible for a group life scheme.

Key Person Protection (Profit Protection)

This helps safeguard a business against the financial effects of death, terminal illness (if the life expectancy is less than 12 months) and specified critical illness (if chosen) of a key person.

The policy proceeds are paid directly to the business to be used to help replace the key person and help cover the loss of profits that may occur.  The policy proceeds could help your business continue trading.

Business Loan Protection

The policy proceeds are used to help pay off any outstanding loans your business may have should the guarantor die or be diagnosed with a terminal (if the life expectancy is less than 12 months) or specified critical illness if chosen).

These will include bank loans or director loan accounts which need to be repaid on death.

Share Protection

The policy proceeds are used to help buy the shares of the business if a business owner is diagnosed with a terminal illness (if the life expectancy is less than 12 months), specified critical illness (if chosen) or dies.

For more information about our protection and insurance services or to arrange a consultation, please contact us by telephone, email, or by completing the callback form.

Schedule an online appointment with us using our bookings page

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Let us work on your future together

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    Your home may be repossessed if you do not keep up repayments on your mortgage