Family Protection

Life protection insurance can be used to replace the income lost by the death of a main breadwinner. The proceeds can be used to finance continued general living expenses your family will have, such as ongoing household bills, the ongoing weekly food shop or ongoing education fees. Therefore, it’s important to be sure what type of life cover you require. For example, certain policies are designed to provide cover until the youngest child in your family becomes financially independent.  There are other occasions when you will need to consider life insurance, such as for funeral planning or where the loss of an individual’s income would have an adverse effect on a household.

It is also important to ensure that the proceeds of a life insurance plan are paid to the right persons at the right time in the most tax-efficient manner. This is achieved through the use of trusts and we offer this service as part of our expert advice process.