Most of us make sure that our house and contents are insured against loss or damage, but do all UK adults have any cover to protect the remaining financial dependents in the event of death? It would be no great surprise to discover that so few of us have sufficient life insurance with the vast array of plans available on the market.
Do you know what the differences are between:
ASU, MPI, Level, Critical Illness, Permanent Health Insurance, Private Medical Insurance, Decreasing, Convertible, Renewable, Reviewable and Whole of Life?
The list of plans and options can seem very daunting, which is why we provide specialist guidance when choosing which type or types of protection will suit your or your family’s needs.
Life assurance or protection plans can be used in ways other than to protect your family financially or repay the mortgage in the event of death. They can be used to either cover or mitigate Inheritance Tax, or to retain the wealth within a deceased’s estate. They can also be used to protect businesses against the loss of a key individual, and individuals against the loss of an income due to accident, sickness or redundancy.
Protecting the financial security of yourself or family is the most important factor when considering any form of financial protection, which is why you should speak to one of our experienced specialists to receive a financial protection health check.