Whilst most people automatically insure their car, their house and contents, the same importance is not always given to insuring their lives and health.
The consequences of not making adequate provision in these critical areas can have disastrous effects for loved ones left behind.
Consider the effects of the breadwinner with a young family dying with no life assurance in place to cover the mortgage and other financial liabilities, or the same individual falling ill with income from employment ceasing after a short while.
There are a number of plans available such as life assurance, income protection, critical illness and private medical insurance which can mitigate the effects of financial trauma. Whole of Life plans may also assist with Inheritance Tax planning.
AdvizerTech can provide advice on product and provider choices and tax efficient ways of putting policies in place.
These plans will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Tax Planning advice is not regulated by the Financial Conduct Authority.