Life and Health Protection


Life Assurance and Protection Plans give you a safety net when things go wrong and are a critical element in any financial plan. We will help you decide what sort of protection is right for you.

For many people, life assurance is something they put in place a long time ago and have never reviewed or revisited. However, terms and rates have changed significantly over the years so it is important to check that you have the cover you need at a competitive rate in today’s market. Put simply, people are living longer so life assurance is getting cheaper.

Writing life assurance benefits in trust – ie assigning the benefits to beneficiaries in a trust – means that your beneficiaries will receive their payout without any IHT implications and normally without having to wait for probate to be agreed. Make sure you have written your policy’s benefits in trust.

Life assurance comes in two forms:

  • Whole of life policies provide cover with no end date. This type of cover will always have a payout whenever death occurs, so is the more expensive of the two options
  • Fixed term policies will only pay out if death occurs during the agreed term and once the term has ended, you are normally no longer covered.

Policies can be set up for single or joint lives. With joint life policies, you can arrange for the payout to happen when either the first or the second partner dies, depending on the purpose of the cover.

Other protection plans include those that provide income or a lump sum in the event of you being unable to work because of ill-health or injury. These plans can provide a lifeline at times of great stress. They may be of particular interest to anyone who is self-employed or whose workplace benefits are unable to meet their regular financial commitments.

The value of your investment can fall as well as rise and you may get back less than you have invested.

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