Protection Options THE COMPTON ROW ASSET PROTECTION PROGRAM It is paramount that you know the risks that could reduce your wealth and assets and how to protect them against the unexpected or the inevitable. This may be beneficial to you if you are just starting out or have achieved your goals regardless of whether you have liabilities or not. Our aim is to advise you how you can minimise the risk of erosion of your assets and wealth against: - Loss of Income
- Illness
- Inheritance Tax
- Death
- Long Term care
- Taxation
- Creditors
For a full assessment of your own situation whether you are an individual or a company please contact us for a consultation Ask for our free guide to protection planning.
The Financial Services Authority does not regulate taxation advice Financial protection for you and your family With the abundance of choice, we can help you make the right decisions With so many different protection options available, making the right decision to protect your personal and financial situation can seem overwhelming. There is a plethora of protection solutions which could help ensure that a lump sum, or a replacement income, becomes available to you in the event that it is needed. You may also be interested in our Investment Management Service.
We can make sure that you are able to take the right decisions to deliver peace of mind for you and your family in the event of death, if you are too ill to work, require care or if you are diagnosed with a critical illness. Protecting your financial plan | WHOLE OF LIFE | Provides a guaranteed lump sum paid to your estate in the event of your premature death. To avoid inheritance Tax and probate delays, policies should be set up under an appropriate trust. | | LEVEL TERM | Provides a lump sum for your beneficiaries in the event of your death over a specified term. You choose the sum insured and the policy term which is guaranteed at the outset and remains unchanged throughout the term. | | FAMILY INCOME BENEFIT | Provides a replacement income for beneficiaries on your premature death. In the event of a claim, income can be paid monthly, quarterly or annually and under current rules the income is tax-free. | | DECREASING TERM | Provides a lump sum in the event of your premature death to cover a reducing liability for a fixed period, such as a repayment mortgage. | | CRITICAL ILLNESS | Provides a tax-free lump sum if you are diagnosed with suffering from one of a number of specified ‘critical’ illnesses during the term. Some life assurance companies offer to cover you for both death and critical illness and will pay out the guaranteed benefit on the first event to occur. | | INCOME PROTECTION | Insurance that provides a percentage of your lost income caused by an illness, accident or disability. Rates vary according to the dangers associated with your occupation, age, state of health and gender. | | LONG-TERM CARE | Insurance to cover the costs of care. This can be either immediate care, provided when you actually need care, or pre-funded care, which is provided in advance in case you need care in the future. | | ACCIDENT, SICKNESS AND UNEMPLOYMENT | Insurance that can be taken out for any purpose to protect your income and to give you peace of mind. The benefits only pay for 12 to 24 months on a valid claim if you have an accident, or become ill or unemployed. | | PRIVATE MEDICAL | Covers you for private medical treatment. You can also choose to include extra cover, such as dental cover. You may select the hospitals where you would want to be treated close to home. | All these protection options also apply to your spouse and to those who are in civil partnership. Choosing the right mix of financial protection for your particular situation is essential to ensure that your specific requirements are fully covered.
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