Although no-one likes to dwell on it too much, it’s important to make provisions in case the worst happens. Life Insurance pays out a lump sum to an insured’s loved-ones in the event of their death.
Most of the clients we work with take out the policy to ensure their partner or children are protected from financial hardship when they can no longer depend on their earnings.
The consequences of that financial loss can be severe – outstanding rent, mortgage payments, and all manner of bills, all need to be paid regardless of the distressing situation your family might be left in.
However, a good Life Insurance policy will ensure your dependents are financially protected, giving you one less thing to worry about.
Protect your family with the help of our highly qualified life insurance advisers by contacting [email protected] or 01273 076587.
While you are free to contact an insurer directly, it’s useful to get impartial advice from expert financial advisers. We’ll talk you through the technical aspects of setting up life cover and make you aware of any extra perks offered by certain providers.
Here’s a brief summary of how we can help:
We begin by working out who would be financially affected if you were no longer here.
This may include your spouse or partner, children (including taking into account future education costs), financial dependants, and business partners (if relevant).
It’s all about considering those people who are most reliant on your income.
Rather than second-guessing the cover you require, we consider:
This ensures your cover is based on real liabilities and future obligations.
Life insurance comes in different structures, including:
We’ll explain which structure best suits your goals and why.
You’ll no doubt want a policy that pays out quickly and tax-efficiently. We’ll guide you through the process of writing the life policy into trust, choosing appropriate trustees and aligning cover with estate planning.
This step is all about protecting beneficiaries and avoiding unnecessary inheritance tax complications.
Once we’ve agreed the structure and sum assured, we research the insurance market on your behalf.
We compare premium structures, insurer financial strength, claims performance and any additional family support services they provide – including bereavement support.
You’ll receive a clear recommendation explaining why a particular policy fits your family’s needs.
We manage the application process on your behalf, guiding you through medical disclosures and lifestyle questions.
If underwriting queries arise, we liaise directly with insurers to ensure the process runs smoothly and efficiently.
If your life circumstances change, we’ll be on hand to help. Marital changes, children, house moves and income increases can all affect how much cover is needed.
“We were able to get the right level of cover for our needs and that helped keep my monthly payments as low as possible. Nothing could have gone smoother or been explained any clearer, really happy with the service I received.”
Arranging life insurance properly means more than selecting a premium. It involves calculating the correct sum assured, choosing the right policy type (such as level, decreasing or whole of life), and ensuring the cover is structured so it pays out quickly and tax-efficiently.
Our advisers hold the Diploma for Financial Advisers (DipFA) from the The London Institute of Banking & Finance and the Diploma in Financial Planning (DipPFS) from the Chartered Insurance Institute.
Additional qualifications in mortgages, equity release, long-term care and Pension Transfer Specialist (PTS) permissions allow us to align your life cover with mortgage liabilities, estate planning considerations and long-term family security.[
The many positive comments and reviews we regularly receive from our clients is perhaps the best evidence of our expertise in helping people get appropriate life insurance cover.
“Prior to owning my own home I wanted to make sure that I had sufficient life insurance and income protection in place to financially protect my family should the worst happen.
“…When it came to the life insurance we were able to get the right level of cover for our needs and that helped keep my monthly payments as low as possible. Nothing could have gone smoother or been explained any clearer, really happy with the service I received.”
Engage Wealth Management featured in VouchedFor’s Top Rated Financial Adviser Guide, as published in The Times and The Telegraph. We’ve also featured in Sussex Business Times (SBT), Citywire, Financial Planner Life podcast and Fund Your Retirement podcast.
Are you looking to find affordable life cover? Contact our professional advisers at Engage Wealth Management via the contact form below.