Financial planning is not only about growing wealth. It is also about protecting what you already have and making sure you and your family are financially secure if life does not go to plan.
At Richard Bamber & Company, we provide independent personal protection advice to help individuals, couples and families put the right financial safeguards in place.
Whether you want to protect your income, cover your mortgage, provide for your family or review existing protection policies, we can help you understand your options and choose cover that is suitable for your circumstances.
Personal protection is a broad term for insurance policies designed to provide financial support if you die, become seriously ill or are unable to work due to illness or injury.
The policies we can provide advice on include:
Income protection is designed to provide a regular income if you are unable to work due to illness or injury. It can help cover everyday living costs while you are unable to earn.
Possibly. Employer sick pay may only last for a limited period. Income protection can provide longer-term support if you are unable to work due to illness or injury.
Income protection can be particularly valuable for self-employed people, as they may not have employer sick pay. It can help replace part of your income if illness or injury prevents you from working.
Life insurance usually pays out if you die during the policy term. Critical illness cover may pay out if you are diagnosed with a specified serious illness during the policy term.
The amount of cover you need depends on your mortgage, debts, income, family responsibilities and future financial commitments. We can help you calculate a suitable level of cover.
Yes. We can review existing protection policies to assess whether they remain suitable, whether there are any gaps and whether your cover still reflects your current circumstances.
Writing life insurance in trust can help ensure the proceeds are paid to the intended beneficiaries and may help keep the policy outside your estate for inheritance tax purposes. Whether this is appropriate depends on your circumstances.
In some cases, life assurance can be used as part of an inheritance tax planning strategy to help beneficiaries meet a potential inheritance tax liability. This usually requires careful planning and may involve using a suitable trust.
The cost depends on factors such as your age, health, lifestyle, occupation, level of cover and policy term. We will explain the options clearly before you make any decision.
We have a relationship with a specialist Private medical broker that we can put individuals in touch with to provide initial quotes or review existing policies.
The right protection can provide reassurance that your family, home and income are financially protected if life takes an unexpected turn.
Whether you are arranging cover for the first time or reviewing existing policies, we are here to help you make informed decisions.
Richard Bamber & Company
The Old Halsall Arms
2 Summerwood Lane
Halsall
Lancashire
L39 8RJ
01704 842 142 (Wealth)
01704 841 411 (Mortgages)
01704 842 144 (Insurance)
wealth@richardbamber.co.uk
