Personal Insurance Advice
I need personal insurance…
Our goal is to mentor more people down the right financial path with clarity, focus and ease.
Personal Insurance Advice
I need personal insurance…
Our goal is to mentor more people down the right financial path with clarity, focus and ease.
How the process works
For the majority of us, we will regularly pay for insurance to protect our belongings, and our homes and in the case of motor vehicles, we have a legal obligation to insure on a third-party or fully comprehensive basis. And yet, according to the latest statistics1, only 35% of people in the UK insure themselves against long-term illness, incapacity or death. We would argue that you are the most important ‘asset’ to insure.
Even if you are fortunate enough to be a member of an employer-sponsored group protection plan, it’s important to fully understand the benefits, as these may fall short of what you and your family may need in the event of a personal catastrophe.
We are able to guide and advise you on the most suitable cover, be it income protection, critical illness or life assurance to meet your needs and budget. As independent financial advisers, we are able to research the whole of the market to obtain competitive quotes for the different types of cover.
Please refer to our FAQ’s below for more details of the type of cover available.
Source1 – moneymarketing 2022
We tailor your solution to your circumstances
We tailor your solution to your circumstances
“When I first set up in business my focus was very much on growth and profitability and I and my business partner were to all intents and purposes the business. In the early days of the business (2006) my financial planner, Louise, highlighted both the personal and business risks of not having some personal insurance in place to deal with unforeseen circumstances. At the time Louise recommended critical illness and life assurance cover, which we subsequently put into place.
Fast forward to 2016 and I was diagnosed with breast cancer which came as a real shock,- you don’t think it’s ever going to happen to you! I received immediate and ongoing treatment which meant that I was unable to work at that time. I was able to claim on my critical illness plan and I received a lump sum which enabled me to focus on my recovery and not have to worry about money.
Whilst recovering I was able to spend time with my family and also visit my lovely sister in New Zealand. The insurance payout made such a difference and my business was able to continue, even with me taking a back seat for a while.
I am pleased to say that I’m fully recovered, although still having regular checks and my business continues to thrive. What has been really good is that I have been able to reinstate my critical illness cover with the same provider because Louise recommended this benefit at outset.”
Claire Batterby
Millhouses Park Café
Some interesting facts about personal insurance
35years
According to Zurich Assurance Ltd, during the first half of 2021, the average age of a claim related to open heart surgery was 35, motor neurone disease was 45 and stroke was 50.
36%
According to research by Money Supermarket, 36% of parents in the UK don’t have any form of life insurance.
38years
According to Royal London, the average age of an Income Protection claim in 2021 was only 38.
Some interesting facts about personal insurance
35years
According to Zurich Assurance Ltd, during the first half of 2021, the average age of a claim related to open heart surgery was 35, motor neurone disease was 45 and stroke was 50.
36%
According to research by Money Supermarket, 36% of parents in the UK don’t have any form of life insurance.
38years
According to Royal London, the average age of an Income Protection claim in 2021 was only 38.
Book your free 30 minute consultation
Let us help you achieve your life goals by thinking ahead today...
Book your free 30 minute consultation
Let us help you achieve your life goals by thinking ahead today...
Get in touch
If you would like to find out more about how we can help you with your personal insurance, please get in touch with us using the enquiry form below giving us an indication of your current situation and requirements.
Frequently Asked Questions
Life assurance is designed to cover you for your lifetime (the whole of life) and will pay out when you die, whereas life insurance cover, e.g. term assurance is for a specific term and only if you die within that term, will it pay out.
Yes. It can be beneficial to write life assurance in trust to protect your family’s financial security in the event of your death. It could be a considerable sum of money and allows your trustees to manage how your beneficiaries receive the proceeds and avoid having to pay a potential inheritance tax.
Yes, they are the same. Income protection or PHI will pay you a regular income in the event of you being unable to work due to long-term illness or disability. Payments will continue until you are well enough to return to paid work or you reach a date on which the cover will cease.
It depends on whether the premiums paid for the cover are from your own personal account or if they are being paid through a business/employer. If the former, then under current tax rules regular payments are free from all forms of taxation. For the latter, the tax will be due on any pay out you receive.
This will provide you with a lump sum payment if during the policy term you are diagnosed or suffer one or more predefined illnesses or disabilities, for example, cancer, heart attack or stroke.
Not all critical illness insurance providers cover the same conditions and it’s, therefore, important to review the definitions and any exclusions that may apply.