Helping You Navigate Life Assurance
Choosing the right Life Assurance for you
Selecting the appropriate life assurance is a personal decision, influenced by factors such as tax, cost, and the level of protection needed. We offer expert, independent advice and conduct a comprehensive review of your circumstances to help you choose a solution that provides peace of mind for you and your loved ones.
Life assurance can protect income, loved ones, and businesses, and in certain cases, we can structure policies to reduce the impact of tax.
Income Protection
Income protection insurance provides financial support by replacing part of your earnings if you are unable to work due to illness or injury. This helps cover essential living expenses.
The policy pays a fixed monthly benefit after a deferred period, continuing until you can return to work or until the policy’s end date, which is typically aligned with your retirement.
Whole of Life Assurance
Whole of life policies provide cover for your entire lifetime, rather than a set term.
Some whole of life policies include a savings or investment element that builds a fund in the early years, which helps subsidises the cost of cover in later years. However, many whole of life plans do not have any investment or savings component and instead offer guaranteed premiums and a fixed death benefit. It’s important to understand these differences, and we’re here to clarify which type suits your needs best.
Whole of life cover is often used to help meet inheritance tax liabilities.
Term Assurance
Term assurance is a straightforward and cost-effective form of life insurance, where you select a set term, such as the length of a mortgage or loan. If you pass away within the term, the policy pays out. If you outlive the term, no payment is made.
Many policies also offer critical illness cover, which provides a lump sum on the diagnosis of a serious illness, such as a heart attack or stroke. We are here to help guide you through the decision-making process and ensure you choose the right cover for your personal or family needs.
Mortgage Protection
Mortgage protection is a specific form of term assurance, designed to repay the remaining balance of a ‘capital and interest’ mortgage if the policyholder dies within the policy term.
This ensures that the outstanding loan is paid off in full, providing financial security for your family.
Business Protection
We offer solutions to protect your business from the financial risks associated with the death of a key person, partner, or shareholder. This type of protection is particularly important for smaller businesses that depend heavily on key individuals.
The two main types of business protection are key man assurance and partnership assurance/director share purchase. We can advise you on the most suitable option to secure your business’ future.
Get in touch to discuss the best solution for you
Abacus Money Management Ltd
Office Hours
Mon to Fri: 9am to 5pm
Location
14 Miller Court, Severn Drive, Tewkesbury, GL20 8DN
Contact
01684 778360 info@abacusmml.co.uk
Abacus Money Management Ltd is authorised and regulated by the Financial Conduct Authority under registration number 610239
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
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Abacus Money Management Ltd is a Private Limited Company registered in the UK, Company Number 06755206