Pembroke Wealth Management: 
life assurance
Today in the UK over 1,311 people will die. (Source: Cover magazine July 2010)
There are many forms of life assurance, some of which are mentioned in the adjoining pages to this section. Choosing the right one for you can depend upon a number of factors including tax, cost and the protection required.
There is a lot to consider when arranging life assurance:
•What type of cover is most appropriate? This will vary according to who are the dependents you are trying to protect (e.g. your spouse, your partner, your children etc) and whether there is a specific requirement for the cover (e.g. to cover a mortgage, to provide a regular income etc).
•Which is the right policy for you? The cover provided be different companies varies and different policies have different exclusions (e.g. some do not cover you if you do risky sports or if you have suffered certain ailments in the past).
•How much flexibility do you need? Will you need to reduce or increase cover as your circumstances change and if so what are the charges involved?
•Should you opt for a waiver of premium? You can often ‘protect your protection’ by paying an additional premium so that if you can't work because of a long-term illness, the premiums for your life cover will still get paid.
•Does the policy need to be set up under trust? This means that in the event of your death the proceeds of the policy are paid directly to the dependant(s) of your choice.
As you can see, there is a lot to think about when arranging life cover so it is worth having a chat with us to talk you through the options and help you find the cover which is right for you.
Only expert, independent advice following a full review of your circumstances will ensure you find a solution that provides peace of mind.
Life assurance can be used to protect income, loved ones and businesses and, in certain circumstances, can be arranged in such a way as to minimise the effect of Income and Inheritance taxes.
For more information on Life Assurance, please contact us.
Pembroke Financial Services Ltd offer protection products from the whole of the UK market.
