We can’t control everything that happens to us in our lives. Unforeseen loss of income, a serious illness or bereavement will have a significant and far-reaching financial impact, both for individuals, their families, and their business. 

Financial protection policies can protect yourself, your family and your business providing vital financial support at the most difficult of times. 

The type of protection you need will depend upon your circumstances. The following are just some of the areas that can be protected;

  • Repaying mortgage or long-term debt.
  • Replacing income in the event of long-term sickness. 
  • Providing a lump sum or income to support loved ones.
  • Providing a lump sum to support business continuity or provide funds to enable share purchase.

 

I am looking for personal protection, why do I need an adviser?

An independent adviser who specialises in protection will work with you to carefully identify those areas where you are at risk of financial difficulty in the event of death or serious illness. Your adviser will review the market to provide personal advice tailored to your needs. 

There is no substitute for high-quality specialist advice. When you approach your professional adviser, you will benefit from a wealth of knowledge and experience, a robust understanding of trust and tax rules plus access to specialist insurers and premium discounts.

Should you buy a policy directly online, you will often pay more, and without advice, you and your family could be open to future financial difficulty. Why leave this to chance?

I need to protect my business-what can an adviser do for me?

Unexpected problems can hit companies hard, especially those that do not prepare for the worst. 

Research undertaken by Legal & General highlights an alarming lack of contingency planning. 

53% of SMEs worry they would stop trading within 12 months of losing a key individual. Almost 40% of business managers said that a key person’s death or diagnosis of a critical illness would have the most significant impact on their company. 

With careful planning, you can protect your business. A professional adviser who specialises in business protection will reassuringly steer your business through the many myths and pitfalls of business protection, providing clear guidance to help protect your business continuity from the following risks;

  • loss of profits
  • the recall of loans
  • reduced capacity and productivity
  • loss of key clients/contacts
  • The impact of unexpected liabilities

Business succession planning is vitally important for both companies and partnerships. We will identify your requirements and advise robust, tax-efficient solutions that will provide all shareholders/partners with the means to purchase shares in the event of the death or serious illness of a shareholder/partner. Your adviser will consider all aspects and advise a structure which will provide for your business, as well as for yourself and your loved ones. 

Business protection planning can be a complex area. It is vital that you seek professional advice.

Please contact us about our specialist protection services; please contact via email admin@grosvenor-insurance.com or telephone Carol Powell Director of Life Services on 07708420771.

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