Family Protection

A death in the family can be an extremely traumatic and painful time, particularly for the remaining family and loved-ones. The financial pressures can be heightened when children are involved, and the loss of a loved one and the income they bring into the household, can severely affect the future of the remaining family.

For this reason life insurance is essential to help ensure that their future is protected, and any remaining family/dependants have the continued financial resources to maintain their standard of living and continue life the best they can.

• Level Term Assurance - designed to pay out a fixed lump sum for a set period of time. A suitable level of cover can be advised based on the future expenses that would need to be maintained, or by a multiple of the life assured's salary. An adequate term can be chosen depending on the age of a financial dependant. For example a term of 20 years to fall in line with your child's 21st birthday, when they should reach an age of financial independence. The proceeds from a life assurance policy may become part of your estate if you die during the policy term, and may be liable to inheritance tax. To make sure this money reaches your loved ones you can place the policy in trust. There is no charge for placing a policy in trust.

• Family and Personal Income Plan - this is designed to pay out a regular monthly benefit over a set period of time. For example if you took out a plan to provide £1,000 pm cover for a term of 18 years and then died in year 4 the policy would then payout £1,000 pm benefit to your family for the remaining 14 years.

This is not a savings or investment product and has no cash value unless a valid claim is made.

Please contact us today for any further advice that may be required - can you afford to delay??.....

Hays Financial Centre Ltd is an appointed representative of Quilter Financial Services  Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Quilter Financial Services Limited and Quilter Mortgage Planning Limited are entered on the FCA register (https://register.fca.org.uk/s/) under reference 440703 and 440718.

Hays Financial Centre Ltd. Registered office: 325 Baring Road, London SE12 0DZ

Hays Financial Centre Ltd is registered in England and Wales 6810896

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.