Dignity Protection & Life Assurance

Life Assurance and Critical Illness

No one enjoys contemplating death, critical illness or the need for income protection owing to long term ill health.

However, knowing that your family’s financial future is secure – in any eventuality – is part of a sensible financial plan that we can help prepare for you.  As a firm of trusted advisers, we are in a position to provide advice on a number of different life protection policies which are sourced on a whole of market basis.

We call this Dignity Protection to ensure that you have quality life planning without financial stress.

Our client financial fitness plans always incorporate Dignity Insurance – it makes our clients feel good as a result and delivers peace of mind.

Life insurance only provides a lump sum or regular income in the event of death – if however you and your spouse/partner cannot provide for your family because of illness or disability, alternative policies are available which can provide similar benefits as a life assurance policy. Our experienced financial planning advisers can guide you to ensure that you arrange the protection policy that best suits you and/or your family’s needs.

Here James sharing his story of being diagnosed with Parkinson’s disease at age 30:

If you have dependants – school age children, spouse/partner and/or other relatives that depend on your income to cover the mortgage or other living expenses, then the death benefits payable by a life insurance policy are vitally important. Life insurance can, on death (second death on certain policies) also be used to provide a lump sum that can discharge in part or in full, an Inheritance Tax Liability that may arise on death of the remaining partner.

If you cannot work for extended periods due to illness, accident or disability, the loss of income causes stress and anxiety and this is especially acute for the self-employed.

Here Chris’s story with Income Protection, his long road to recovery, the claims process and the hidden costs of illness:

Income protection plans cover a wide range of illnesses and disabilities and pay a regular income until you are able to return to work, reach retirement age or reach the end of the policy term.

Here Pauls story and journey with cancer – ‘I never thought it would happen to me’

Critical illness cover, also referred to as critical illness insurance, is a long-term insurance policy where you’ll get a tax-free ‘lump sum’ – a one-off payment – if you’re diagnosed with one of the serious illnesses covered by your insurance policy.

The money you receive from a critical illness policy can be used to pay off a mortgage, debts, medical bills, home modifications or for any other purpose. The aim of the policy is to relieve you of the financial pressures that arise in the event of ceasing work owing to a critical illness.

Parents Jeremy and Nicola tell their story of when their son Sam was diagnosed with Hodgkin Lymphoma:

We advise clients not to rely on benefits from the state to support you if you become critically ill – these are probably less than you think.

For further information and advice regarding our financial protection and life assurance planning, please contact one of our estate planning advisers.