Tax-efficient, sensible financial planning and protection for self-employed individuals and small business owners.
There are loads of great things about being your own boss. But there’s one big risk… If you’re self-employed or a small business owner and you can’t work – you don’t get paid – simple as that. We’re not saying that to scare you but because it’s a fact that should be accepted and planned for. We encourage all our clients to ask the question “What if? How would I and/or my family cope if?”…
…And then to plan for the answer.
There are a few basic elements to a protection plan and we can provide them all as one easy to implement and apply for package that will cover all circumstances and help you to sleep at night:
Life Assurance: pays your chosen beneficiaries a tax-free lump sum if you die.
Critical/Serious Illness Cover: pays out a tax-free sum if you suffer a serious illness.
Permanent Health Insurance: replaces 75% of your previous income if you are unable to work due to health reasons.
Accident/Sickness/Unemployment Cover: cover for sole traders.
Limited companies and partnerships should also consider:
Key Man Insurance: pays out a lump sum to the business in the event of the death of a key member of staff.
Directors’ Share Protection: pays out a lump sum on the death of a shareholder, enabling the business to purchase the shares from the estate of the deceased, where both parties agree.