An often used expression around my office is “dying may be cheap, living sick certainly isn’t” !Actually, even dying is expensive these days - did you know that the average cost of a burial in England is £4,030 and cremation £2,604 (hence many people consider insuring themselves - or relatives they will be responsible for - specifically for these and associated costs) ? [SOURCE: Braham Research March 2010]Most people are conscious of the need for life insurance to cover these sort of costs on their departure, tidying up the estate - whole life insurance can also be effectively used to cover
expected inheritance tax liabilities - and leaving the family without ongoing debts. However few people use the opportunity to apply trust arrangements to such insurance to ensure more efficient distribution.Regrettably, many people also fail to consider what would happen if they suffer serious illness - the effect on individuals or families can be threefold .....q Income reductions or even total loss can be suffered by the sick personq Living costs increase because of the care and/or facilities needed for the sick personq Partners’ or relatives’ incomes are adversely affected by the need to care for the sick person Critical Illness Insurance protects you from such concerns and I can help you evaluate appropriate Life and Critical Illness Insurance cover levels and the most appropriate firm from a wide range of insurers.
For those of more senior years (50 and above) you may be considering the ‘guaranteed acceptance’ life insurances promoted widely on the television and Sunday magazines. These certainly have their place (albeit, for many in the lower range of the age range, standard life insurance may be more applicable) and we are pleased to provide competitive options for this form of cover with all the benefits of an ‘advised sale’.
Janet Hall is an appointed representative of TenetLime Ltd which is authorised and regulated by the Financial Conduct Authority.TenetLime Ltd is entered on the FCA register (www.fca.gov.uk/pages/register) under reference 311266.