Not so well known in continental Europe but common in the UK, this type of insurance is similar to term life insurance but the difference is that it covers the events that might not kill you but could cripple you or leave you unable to work at all. The policy usually covers a specific range of illnesses such as heart attack, MS, blindness etc. The most common claim for this type of insurance is for people who contract cancer.

The insurance is designed to provide you with a capital sum in the event of diagnosis of a critical illness. This would then give you some breathing space financially at a time when money is the last thing you want to worry about. In many cases the money would be used to repay a mortgage, for instance.

The complete list of illnesses covered by one company is as follows:

Some companies provide sick pay and will pay your salary if you are unable to work but most companies will not pay this for very long, after which time it might be necessary to support yourself. If you are self-employed then you will not have sick pay.

In either event, it is possible to insure yourself (and your earnings) against the risk of long-term sickness or accident, which prevent you from working.

Premiums are determined by your age, earnings and occupation.

Inheritance tax planning can be very complicated and usually involves the advice of a solicitor, an accountant and a financial advisor. Once you have sought advice from the first two about mitigating your liabilities then it might be to your advantage to then speak to a financial advisor about having a life insurance policy to pay the tax bill.

Once the likely potential tax bill has been calculated then it is possible to write a whole of life insurance policy which will pay out on death and the intention is that it provides enough money for the beneficiaries to pay the tax bill.

Another simple way of planning for inheritance tax liabilities is to ensure that your investments are held in the optimal fiscal framework for your circumstances. Some investments can eliminate inheritance tax altogether. Along as you take advice when making the investment then you could save your beneficiaries a lot of money.

Businesses often recognize that their success heavily depends on the contributions of one or more key individuals. These people significantly impact the company’s profits through their exceptional business acumen or specialized technical knowledge. Sometimes, their persona embodies the public image of the company, making their presence vital for the company’s identity.

To protect the company’s value—benefiting shareholders, employees, and customers—in the event of such a person’s death, it is necessary to insure them. This insurance aims to provide working capital during difficult times, ensuring the company can regain a strong financial position.

It is crucial to ensure the company has sufficient funds to react quickly and decisively, preventing major short-term and long-term losses in the event of the death or permanent disability of a key person. The company should place a value on this individual to determine the necessary funds.

In many specialized industries, losing key individuals can drastically affect the company’s profits. Directors or partners must agree on a sum needed under such circumstances, with the assistance of an experienced financial advisor and the company accountant. A life policy for this amount is then established.

In France and the UK, premiums for this insurance can be offset against company tax.

All banks insist that you have life insurance to repay your debt in the event of death, and most banks automatically offer their own life insurance as part of the package. However, you can usually opt to use your own life insurance policy, which we can provide, potentially halving your monthly insurance premiums.

This is a simple way to save money or improve your benefits at no extra cost. We can often find you an equivalent policy at a lower cost, and over the term of a mortgage, the cost savings can add up significantly.

If you are unable to obtain life insurance coverage due to the unique nature of your occupation, we can help find a suitable policy for you. We specialize in insuring individuals in occupations where it is challenging to accurately evaluate the risk, such as yacht captains traveling globally or racing drivers working in very risky situations.

Our coverage can also include repatriation and disability, ensuring protection if you become unable to carry out your usual occupation.

If your particular job or pastimes make obtaining cover difficult, or if you would like to compare premiums with an existing policy (we often win business on price alone), please call us.