We help clients to consider how they, or their loved ones, would cope if they were to suffer an incapacitating illness or die, and find the most appropriate, best value for money and tax efficient way to provide cover.
There are a range of insurances and protections that can help cover family and provide the peace of mind that your loved ones will remain looked after.
Pure Term Assurance provides a lump sum on the death of the life assured.
Whole of Life Assurance
Whole of Life Assurance (WOL) pays out a lump sum whenever you die and has no fixed term. It is more expensive than Term Assurance, but provided premiums are maintained, it guarantees future insurability, even if your health were to deteriorate. WOL is often used for Inheritance Tax (IHT) planning, where it is taken out to cover future IHT liabilities. Where a life insurance policy is written “in trust”, the policy proceeds are IHT-free. The premiums you pay may also be exempt from IHT.
Family Income Benefit
Family income benefit is a type of life assurance which pays out a regular tax-free income from death until the end of the policy term. Policies often run until retirement or when the youngest child reaches 18 or 21 years of age.
Income protection, sometimes called Permanent Health Insurance or PHI, pays out a monthly replacement income if you are unable to work due to illness or disablement.
Critical Insurance Cover
Critical Insurance Cover pays out a lump sum on diagnosis of one of a range of serious conditions, typically including heart attacks, strokes, certain types of cancer and conditions such as Multiple Sclerosis (MS).
Pay-outs are commonly used to pay off the mortgage and other debts, while some people cover outgoings such as children’s school fees, which they might not be able to afford if they cannot work.
We provide financial planning to help our clients make informed decisions about money and establish what is important to them.
Inheritance Tax Planning
We help clients structure their assets to safely control succession and minimise tax.
Pension and Retirement Planning
The right solutions to best meet your retirement needs and requirements for income.
Annual Investment Review
We offer an annual Face-to-Face review of investments under management and the client’s situation.
Quarterly Rebalancing Service
We offer a portfolio review in which we construct, amend, provide commentary on and rebalance our clients’ investments.
Tax Efficient Investment
We help our clients to invest tax-efficiency, giving them the ability to make a choice suited to their knowledge and risk preferences.
There are a range of insurance and protection plans that can help cover you and your family in the event of ill health or early death.
Ethical funds are increasingly popular. More and more of our clients are placing greater emphasis on a socially responsible approach to investing.
Modern Money Financial Services Limited is authorised and regulated by the Financial Conduct Authority: 150571. Registered in England: No. 2459464. Directors: M Paine, L Edmunds
The Financial Conduct Authority does not regulate tax or estate planning
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK
© Modern Money Financial Services Ltd 2019