Personal and Business protection - Hope for the best, plan for the worst
Whether you need a simple life insurance policy to pay off your mortgage, or a comprehensive protection package, Freedom Wills & Protection can help you get the best plans in place at a price to suit your budget.
We work closely with FCA regulated, personal and business protection specialists, to provide market leading protection products from a panel of well known and trusted insurers.
What would happen to your loved ones if you were to die or suffer a serious illness? Unfortunately, mortgages, bills and other living costs still need to be paid, even when a family is in crisis. The personal insurance products, outlined below, are designed to support you and your loved ones through the toughest of times.
Pays out a lump sum to cover your mortgage and support your family if you were to die or are diagnosed with a terminal illness.
Family income benefit
Provides a monthly amount to your family after you pass away, giving them ongoing financial help, when they need it most.
Critical/Serious Illness Cover
If you were to develop a serious illness, such as stroke, heart attack or cancer, you would receive a lump sum to aid your recovery, help loved ones take time out to care for you and ensure bills etc. can still be paid.
Statistically the policy that you are most likely to claim on. Provides up to 60% of your usual pay to replace lost income if you are unable to work, due to illness or injury. Particularly important for people that are self-employed or would receive little or no sick pay.
A thriving business can quickly find itself in trouble if key personnel were to die or become seriously ill or injured. Our partners can help you get the right business insurance products in place, to ensure your UK business can continue smoothly. Many business policies can also be tax efficient, as HMRC treat premiums as an allowable business expense.
Relevant Life Cover
These plans allow an employer to offer a death-in-service benefit to employees, whose family would receive a lump-sum payout if the employee died or were diagnosed with a terminal illness.
Key Person Insurance
Who are the key people in your business that you couldn't do without? What would happen if they passed away or became seriously ill? Key Person insurance policies pay a sum to the business to mitigate the impact of a key employee being unable to carry out their role.
Shareholder Protection policies help surviving shareholders retain control and ownership of the business, by allowing them to buy back the shares of critically ill or deceased co-shareholder. Not only does this protect the business, but also ensures that the deceased's family receive a fair value for the shareholding.
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