Life insurance insures the policy holder in the event of death, proceeds are typically paid to family members on death. There are numerous different types of life cover which are suitable in different scenarios. Insurance is a key part of any financial plan. Unfortunately, primarily due to the plethora of confusing aggregator sites on the internet these days, people can get ‘cheap’ life cover without necessarily understanding if they have the right amount of cover, from the right type of policy, for the right period of time, perhaps without proper understanding of the policy terms and conditions or whether the policy should be placed in trust. Why use a Financial Adviser to broker insurance: An insurance policy taken out through an aggregator site is more likely to be unsuitable, relative to a brokered policy. It is best practice for a financial adviser to structure your insurance policy, with a holistic financial plan in mind. The types of things a good financial adviser will look at when structuring your policy are; your holistic financial plan, debts, IHT, family illness, mortality statistics, your health, financial legacies and estate planning, lifestyle; risk to family if main earner is unable to do their own job; company accounts if self-employed; employment contract if employed, use of trusts, etc. Question: Would you take out a cheap insurance policy if you knew that it may not be suitable for your requirements? Alex specialises in brokering suitable Life Insurance policies for Directors, Contractors, Freelancers and both Self-Employed and Employed people, alike. Here’s some reasons why you might think about taking out a Life Policy:
Life Insurance
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