Protection

If you're over the age of 55, equity release offers you a way to use the value of your home to raise money.

There is a range of equity release schemes available on the market offered by reputable equity release providers, and they fall into two main categories, Lifetime Mortgages and Home Reversion Plans.

Equity Release includes Lifetime Mortgages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes.

Read Our Consumer Guide to Equity Release

This is an area of financial planning that is often overlooked but it is important for your peace of mind.

It enables you to minimise the effects of unexpected and often unwelcome future events, and helps you to organise your personal and business life with greater confidence.

The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.

A life insurance policy pays out a sum of money when the person who is covered by the plan dies. A Critical Illness policy pays out a sum of money when the person who is covered is diagnosed as having one of a list of specific illnesses of specified severity. The two covers can be combined in one policy or taken separately, talk to us about the right position for you and your circumstances. The money is intended to pay off any outstanding debts and support your dependents financially by providing them with a further lump sum or a regular income.

Please be aware that this type of assurance is based on an assessment of the health of the applicant.

When illness and injury strike the effects on your lifestyle can be devastating. However you can insure against the resulting loss of income

The need for income protection against long term illness is an often overlooked part of protection planning. You need continuing income to maintain yours and your family’s lifestyle even if you are ill and unable to work. Although state benefits are designed to help those in financial need, they are unlikely to fully replace a lost income. However, there are income protection insurance plans available to protect you.

Income protection schemes, previously known as ‘permanent health insurance plans’, are insurance plans that can pay a part of your pre-illness monthly income, tax free, until you return to work. The cover stops at the end of a pre-selected term which is usually at retirement age. There are waiting periods before the plans pay out. The longer you can manage without the benefits starting the lower your premiums will be.  Usual waiting periods are from four weeks up to a year. Some employers pay their staff who are ill for up to 12 months, sometimes on full pay for six months then dropping to half pay for six months. A plan starting to pay out after a year could then pick up the shortfall.