Protecting You and Your Family
Life insurance pays out a lump sum or annual benefit should you pass away or be diagnosed with a terminal illness during the term of the contract in order to provide for them when you’re not around. It’s designed to protect your family’s financial security ensuring the people you love will be able to stay in their home and have enough to maintain their standard of living.
There are many different options in terms of life cover. We can offer our expert advice on the right policy for you. You may find your needs change over the years and we will be able to amend or change your policy so its always providing you with the protection you need for as long as you need it for.
Critical illness cover provides you with a cash lump sum or annual benefit upon diagnosis of a specified critical illness. The benefit can reduce your debt, pay your mortgage balance, replace any lost income or act as a safety net for any costs which you may face.
Your options should be discussed with an expert in order to ensure you have the right cover in place for your needs. We can determine what cover meets your needs in order to ensure you and your family are protected.
Income protection will pay you a regular monthly benefit if you lose earnings due to not being able to work through illness or injury. It is designed to pay you a monthly income until you are able to return to work.
If you have financial responsibilities, are a home owner with a need to protect your mortgage payments, have credit card or loan commitments then income protection could form a vital part of your protection needs.
Speak to an expert to find out how you could benefit from having income protection in place. We will happily review any existing policies you might have in place to ensure they are still fit for purpose.
Is it possible to tone down the re colour of the bricks?
As a home owner most mortgage lenders require you to have Buildings insurance in place by the time you complete. This covers the structure of your home including permanent fixtures. It gives you peace of mind that should anything happen to your home that you have the right cover in place.
Contents insurance protects against loss or damage to anything in your home that is not structural. You don’t need to be a home owner in order to have a need for this kind of cover.
Get in touch for a personalised quote.
You must ensure that your monthly payments are made in full and on time.
Making a Will ensures you can leave clear instructions about how you wish your estate to be distributed when you pass away. It gives you peace of mind that the right people (your chosen executors) will be carrying out your wishes upon your death.
If you are a parent with children under the age of 18, a Will allows you to appoint the guardians whom you wish to take care of your children should the worst occur. You can also include financial arrangements to be added the arrangement.
A Will also allows you to leave certain bequests to an individual such as jewellery, cash or other named items.
If you die without leaving a Will (dying intestate) this would mean that your loved ones would have to apply for “Letters of Administration”. This can be time consuming and expensive. It could mean a lot of hassle for your loved ones to take on whilst trying to come to terms with no longer having you around.
Dying without a will in place could also mean that your estate would be subject to intestacy rules and may not go to the people who you would otherwise had chosen should you have made a Will.
Lasting Power Of Attorney
We all know the importance of having a Will but something we don’t always consider is Lasting Power of Attorney.
A lasting Power of Attorney (LPA) gives another individual the legal authority to look after certain aspects of your financial affairs and/or health and welfare should you lose the capacity to do so.
According to the Alzheimer’s Society, more than 1 million people in the UK will have dementia by 2025. One in five people already suffer from it with rates significantly higher in women than those in men. Having an LPA in place will ease the potential burden on your relatives by planning ahead.
LPA’s are not only for the elderly, younger people may become incapacitated through accident or illness and may need a relative or loved one to take care of their affairs.
Should you lose capacity and do not have an LPA in place this would mean family members having to apply to the Court of Protection to gain access and take control of your finances. This could mean facing long delays and could work out to be quite expensive.
For more information on the Wills and LPA’s we offer please speak to one of our experts. We can arrange for these to be done on an individual basis or have packages in place to suit you.