| Protecting the Family Income (Life Assurance, Income Protection, Critical Illness) |
If you have a young family you will know how important you are to them in terms of providing stability, education, health and support in their formative years. Now consider their loss if you were taken out of the family picture due to an untimely demise or serious illness. Emotionally they would be devastated of course, but imagine their difficulties if the financial stability that you provide disappeared.
Why not ask us for a simple balance sheet enabling you to see what their income and expenditure would be if you were taken out of the picture. Their outgoings will not be that much less and even if you have basic mortgage protection assurance life assurance, so that the mortgage is repaid, it is far from the whole story.
The solution to ensure that your family continues to have a reasonable standard of living is provided by a combination of life assurance, income protection or critical illness cover.
All of these can be tailored within a budget and planned to protect your family in their formative years.
|
| Business Protection or Business Continuity |
The success of every business depends upon the performance of its directors, partners or other key personnel in their unique capacity. The company and its continuity is therefore vulnerable in the event that any one of those people meet with an untimely death or illness of such magnitude that they are effectively incapacitated
There are a number of simple financial solutions which can be put into place to help ensure that the business survives and the planning begins with establishing the relevant factors so that a solution can be tailored to your company circumstances. These will include things like:-
- keyman insurance to protect against the loss of or incapacity of a “key” director or employee
- share protection planning to enable the company or remaining shareholders to buy up the shares of a deceased shareholder ina pre agreed manner.
|
|
FINANCIAL PLANNING >