Free Protection Audit
Life Assurance, critical illness and protection rates in general have reduced fairly dramatically over recent years. Quite often, existing covers can be replaced more competitively; alternatively, substantially increased cover may be available within current levels of premium.
Sophisticated software enables us to review existing covers and to report back to you accordingly, generally without charge.
We believe very much in "drilling down" in terms of detail. Critical Illness policies, for instance, vary dramatically in terms of the cover that they provide. Certain companies include specific conditions whilst others do not. Some Critical Illness covers are extremely wide. Others are far more restrictive.
We try to look at cost effective solutions in all cases. For instance, Family Income Benefit (which provides for a fixed tax free payment each year for the remaining term of the contract) may be far more valuable (and indeed far less expensive) than a conventional Term Assurance Life Policy.
In addition payment of a substantial lump sum to a widow or widower may have inherent problems in terms of a widow or widower's ability to budget. Lump sums can disappear very quickly!Payment of a regular tax free sum on an annual basis may be far more sensible.
We look at holistic solutions and holistic planning ~ monitoring any financial plan on an annual basis in order to ensure that this is adjusted, as required to meet changing short, medium and long term needs.