We believe that making provision for your family’s financial well being should be the foundation of your financial plans. Protecting your family's lifestyle in the event of death or illness can be the greatest gift that you can provide.
We
can help you to identify any shortfalls and design cost effective
solutions targeted at your family’s needs. If disaster strikes we will help you ensure that the right money goes
to the right people at the right time without the government taking a slice as tax.
Suitable products can include life assurance, critical illness cover, serious illness cover, income protection,
linked to appropriate trusts.
Case Study
Mr & Mrs A are married in their late thirties with two children. Mr A is employed and the couple have a mortgage of £150,000. Mrs A is diagnosed with a serious illness which leads to a successful operation. However Mrs A is left with side effects that will impact her health for the rest of her life. Mr & Mrs A successfully claim under the critical illness clause of their mortgage protection policy which pays a lump sum to clear their mortgage.
However the stress of his wife's condition, looking after the
family, and holding down a full time job causes Mr A to fall ill.
His employer pays him one month of salary after which Mr A is
reliant on state benefits. Even with no mortgage Mr & Mrs A are in
financial difficulties for two months until Mr A's income protection
policy starts to pay 50% of his pre-illness earnings free of tax.
The payments continue until Mr A can return to work or reaches his
retirement date.
The family's lifestyle is largely unaffected from a financial
viewpoint.
