Posted by siteadmin on Thursday 15th of August 2019
Posted by CarleyWarrenAldworth on Monday 29th of July 2019
Trusts are usually simple to set up, but it’s important to selectright type of Trust.
What is a Trust?
A Trust helps ensure a payout goes to the people you’d like to benefit from your policy – should the worst happen. As the ‘settler’ (the person who creates the Trust), you can choose the people who will benefit (the ‘beneficiaries’). The Trust defines how and when they can receive the money from the insurance company.
Why is a Trust so important?
- Save time, reduce worry - compared to leaving your life cover benefit in your will (o...
Posted by siteadmin on Wednesday 24th of July 2019
What is a Relevant Life Plan?
A Relevant Life Plan is an individual ‘death in service’ life policy that is affected by an employer on the life of an employee and is funded by the employer. It is a term assurance plan designed to pay a lump sum benefit if the employee covered dies or is diagnosed with a terminal illness during their employment, within the term of the plan.
Relevant Life Plans are similar to most other types of life cover but can be a very useful tax efficient alternative providing valuable death in service benefits.
Posted by CarleyWarrenAldworth on Wednesday 17th of July 2019
If you want to help make sure your loved ones will have financial security if you pass away, life insurance cover is the answer. But, if you’re part of a couple and you both need cover, should you take out single policies, or a joint policy that covers both of you?
With a single life policy, the insurer would pay out on the death of the policyholder and the policy would then lapse. With joint life insurance, however, the cover will apply to both policyholders and would pay-out either on the first or second death, depending on how the poli...
Posted by siteadmin on Wednesday 3rd of July 2019
Do you aspire to own a new-build home? Are you looking to move home, but lack sufficient funds to afford the repayments on a low-deposit mortgage? You may find it easier to join, or move up the property ladder, thanks to the government-backed Help to Buy scheme.
There are several schemes currently:
This is available to first time buyers unable to afford the full 100% mortgage on a home. It works by allowing them to buy a share of the home (between 25% and 75%), and then pay rent on the remaining share. An option to buy f...