Peace of mind that in the event of misfortune, you and your family are financially protected
Personal Asset Management can help you understand the different insurance policies which can be arranged to help protect you and your loved ones in the event of premature death, critical illness or accident that stops you from working and earning an income.
There are many ways in which a family can protect itself, and because of the large range of products available there is usually (subject to underwriting depending on medical history) an appropriate policy for most circumstances, and most budgets. We will discuss with you what policies are suitable for you and your family, such as:
- Life Cover
Life cover pays a lump sum, or income for a specified period, upon death
- Critical Illness
Critical illness provides a lump sum benefit / income in the event of diagnosis of certain critical illnesses, such as heart attack
- Income Protection
Income protection pays a tax-free monthly income (subject to limits) if you are unable to work due to accident or long-term illness. This will be paid until you are able to go back to work to cover your bills and financial commitments until you are back on your feet.
- Mortgage Protection
This is specifically taken out to protect your loved ones in the event of your death – or diagnosis of critical illness as an optional extra – during the term of your mortgage. Mortgage protection pays out a decreasing sum of money during a chosen time frame (term).
- Inheritance Tax Cover
Depending on age and health, an insurance policy is often a very cost-effective way to cover any potential liabilities. It can also be used to cover any liability that may exist due to the 7 year rule for Gifts.
Contact us on 01803 873978 or complete the form below and we will get in touch with you: