Protecting your family
Even if you have considerable wealth, changes to your health can have a significant impact on your financial circumstances, especially if you’re unable to work. You may feel that your employer or personal policies provide you with sufficient cover, but it’s always wise to check. We can review your arrangements and advise on any changes that may need to be made. Then you can be confident that you and your family are protected, should the worst ever happen.
Ill health can have an impact on the whole family. The right level of life cover can insulate you and them from financial worries at a time when care and recovery should be the top priorities. If the worst happens and you are not there to support your dependents, you need to be sure that your assets are preserved for your loved ones.
When you have existing life cover
Perhaps you already have one or more life or life event policies, including through your employer. But policies that were adequate in the past may not now achieve what you want. The cover you need when you are working can be different from when you are retired. Our expert Financial Planners can review any existing policies and advise you on whether they meet your current and future needs, bearing in mind your life goals and expectations.
Business protection is all about insuring for the unexpected and a very good way of protecting your business if something does go wrong. It can give you peace of mind and is an essential safety net for all types of business.
There are many different types of business protection available, including:
One of the great risks of a business partnership is that one of the partners may die or suffer a specified critical illness, with his or her share of the business passing to their beneficiaries. The safety net is a pre-arranged scheme to ensure the surviving partners have enough funds to buy out the departed partners’ interest in the business.
In the interests of financial security, business stability, and continuity – particularly for private limited companies where there may only be a small number of principal shareholders – it is important to provide a safety net following the loss of a shareholder
Key Person Insurance
Key person insurance, also formerly called key man insurance, is an important form of business insurance. There is no legal definition for ‘key person insurance’. In general, it can be described as an insurance policy taken out by a business to protect that business for potential financial losses that could arise from the death or extended incapacity of an important member of the business specified on the policy.