Protection planning
There are an amazing range of protection products on the market to suit just about any need you have. Due to the competitive nature of this market cover is surprisingly cheap. Certainly it is a fact that it is normally cheaper to cover you or your loved ones than it is to insure your car or house!
If you want to get an idea of the cost of cover and know what you want then you can use the link below to obtain a no obligation quote. (It will search for the cheapest cover for you so you dont need to shop around.)
Get a Life Protection Quote from Alpha Financial Consultants
A few pointers:
- SAVE Money - over the past few years the cost of life cover has fallen, thus you could well save money by replacing your old policy - but remember to get acceptance terms before cancelling the old one.
- Make sure the policy is relevant to you - if you are single and without any dependants you may well NOT need life cover. Although they may disagree, the bank or mortgage company doesnt count as a dependant! What may however be very relevant for you is a policy that would pay out if you were seriously ill - look at critical illness or income protection policies.
- If you want to protect a family, consider a family income benefit policy - this type of policy pays a regular income to the family in the event of your death rather than a lump sum- it can work out cheaper and is often far more relevant.
- If the policy is for inheritance tax planning purposes consider a Whole of Life policy held in trust; for married couples a joint life last death policy is relevant.
- Consider putting your policy in trust- this will ensure that the payout happens quicker and could avoid additional inheritance tax liabilities
If you would like help, please contact us.