LIFE INSURANCE
Life Insurance is one of those items that we think we can do without, but it’s hugely important for people to have in place, WHY?
- It provides financial protection to you and your family, which could be used to repay your mortgage so that you and your family don’t have to worry about paying the mortgage anymore.
- It can provide you lump sum or regular income in the event of the death of a loved one that is used to replace lost earnings and income that would have otherwise been received.
- It can provide protection for children
Imagine having your family’s income taken away overnight, the consequences and actions for those left behind can be potentially catastrophic as they’re thrown into a world of unknown actions of having to find the funds to pay the monthly bills, which might mean increasing work hours, finding a new job to replace the lost income etc.
Cover can be arranged for a specific period of time or forever, for any amount and to cover your loved ones – some providers even provide cover in certain circumstances for children!
There’s a wide variation in options available and working out the best options available for your unique set of personal circumstances means it makes sense to speak to a qualified, experienced adviser who can guide you through the options available and recommend the best cover for you.
We recommend (because its free to do so) placing all life insurance inside a trust – by doing so it removes the payout from your estate and avoids costly expensive potential Inheritance Tax, it pays out faster and too the right people you want it to go to – this can’t be guaranteed if arranging life insurance outside of a trust as it could be the courts that decide who receives what!
Our in-house advisers have years of experience in the personal and commercial insurance sectors.
The types of insurance we can provide are Personal Life & critical Illness cover, Relevant Life insurance, Key Man/Person Insurance, Level Term Cover, Decreasing Term Cover, Over 50’s Plans, Funeral Cover, Whole of Life Cover.
This article was written by our Adviser Andrew Ducksbury.
Can we help you you?
Contact our friendly team at our Long Stratton office now