Insurance

Insurance

Financial products are sometimes at their most useful when they are protecting our families, our incomes our property or business. Whilst insuring ourselves against an undesirable event such as sickness or even death may not be a pleasant thing to think about, the benefit of being able to set financial issues aside at emotionally difficult times cannot be overlooked.

There are many ways in which a family or business can protect itself, and because of the large range of products available we will discuss in detail with you, the areas of personal or business protection that you wish to cover and with our years of experience and the use of technology we will find the right solution which will give you the peace of mind in knowing you have taken the right steps to protect what is important to you and your family and or business and then with regular reviews ensure you solutions are always up to date.

Personal Cover:

There are several ways in which to protect yourself and your family in the event of an untimely death. Most people take out life insurance to provide for their families and alleviate any financial worries at a difficult time. Life assurance plans can provide lump sums or income on death, to replace a deceased person’s income and can be set up to pay off debts, such as mortgages or other loans.

Health Insurance & Critical illness is becoming more popular as people seek help with financial issues when ill health occurs. These types of plans generally allow for a lump sum benefit to be paid in the event of diagnosis of certain critical illnesses, such as Heart Attack, Stroke, Transplant, Blindness, Total & Permanent Disability and so on. The plans can also be used to again pay off debts and help with the undoubted changes to circumstances and lifestyles when such an illness occurs.

Business & Commercial Insurance:

Businesses may want to protect the key employees within their firm – perhaps the key salesperson, or the IT manager without whom the business will not function properly. Key person protection can provide a fixed sum should the individual be unable work, or even die. The benefit will be designed to cover the firm’s expenses in meeting any emergency costs, recruiting a replacement employee and protecting the future of the business.

Similarly, if a key shareholder or director was to pass away, the firms remaining shareholders or directors may want to purchase the deceased’s shares from their estate promptly to maintain control of their business.

Spectrum Independent provides advice and guidance across a very wide range of insurances, from insuring you property, your life and your business and please contact us if you wish to discuss your needs in any of the following areas:

  • Life Assurance-Term assurance, Increasing, Level & Decreasing
  • Mortgage Protection
  • Whole of Life, including second death policies
  • Critical Illness
  • Accident, Sickness & Unemployment Cover
  • Income Replacement Cover (PHI)
  • Buildings & Contents Insurance
  • Key Man Assurance
  • Directorship Assurance/Shareholder Purchase
  • Public Liability Insurance
  • Commercial Property Insurance
  • Professional Indemnity Insurance