Independent Wealth Management
Call us on 01276 517700 or email advice@professional-wealthcare.co.uk
Simply Life is a new and innovative type of Life Cover from Aegon promising a low cost and easy to understand protection product.
There are various ways of calculating how much life cover you should have. You will need to consider all of your debts, including mortgage, credit cards, car loans etc and also the ongoing monthly costs that will continue after death.
Are you a Company owner? If so, Relevant Life cover can work out much cheaper than a typical life assurance policy for you or your employees. In most cases the premiums are treated as an allowable business expense by HMRC which means that companies qualify for Corporation Tax relief. Furthermore, there is no additional Income Tax or National Insurance to pay either.
Before you know where you are the odd little treat, like your favourite coffee, can soon become a daily routine. Read more.
Today, 1st March 2011, the unimaginable has happened. The European Court of Justice has ruled that Insurers cannot charge different premiums to men and women. The effects of this ruling will be far reaching and will take effect from 21st December 2012.
You may have seen or heard adverts for life cover for over 50’s. Let me start by saying that these types of plans are not always the best value option for you. However for some, they are precisely what you need.
When you take out a Life Assurance policy, you will usually have the option of placing it into a Trust. This is often overlooked by policy holders and unfortunately sometimes by advisers.
How would you like to have your Company pay for your life cover? If you are a Company owner, you could set up a life assurance policy that is funded by your Company. The monthly premiums will usually be treated as a company expense and claims will be tax free.
When taking out life cover, cost is inevitably an important consideration. Most people I meet have no idea of how much life cover they can afford. This lack of knowledge generally results in putting off this very important aspect of financial planning.
Barry is an expert in his field. He listens and he helps.
Paul Sloane
