Extensive financial family protection services
At Moore Kingston Smith Financial Advisers (MKSFA), we help you to be prepared for the worst and provide peace of mind for when things go wrong.
Whether it is your life, health, or livelihood, the first step in effective financial planning is to protect what is most important to you. Wherever you are on your financial journey, MKSFA can create a protection plan that provides you with financial security to maintain your standard of living, protect your family and your future.
Our dedicated team of protection specialists carry out in-depth due diligence on all providers and products, and as independent financial advisers we look at the whole of the protection marketplace to offer you access to the most suitable type of protection to meet your specific needs.
Types of life cover
Term insurance policies provide protection for a predetermined length of time, and will pay out a lump sum if you die within this period. There are many different types of term policy, such as Level, Decreasing and Family Income Benefit that may be most suitable to meet your protection needs.
Whole of life policies will pay out a lump sum on your death at any time, rather than for a predetermined number of years. These are often used to cost effectively cover a future Inheritance Tax bill.
Income protection
This type of insurance pays out a tax-free monthly income, based on a percentage of your earnings, if you become unable to continue your normal occupation due to a health condition or injury. After a pre-agreed waiting period, you can claim a percentage of your earnings until the cover expires, you return to work, the policy ceases or you die.
Critical illness cover
If you fall ill or have an accident, critical illness policies are there to support you. These policies can be stand-alone or combined with life assurance. MKSFA can advise on the best plans to support your individual needs to help ease the financial burden of a serious illness and will pay you out a tax free lump sum.
Private medical insurance
This insurance policy covers the cost of private healthcare. This cover is designed to provide you with additional security and peace of mind. One of the benefits is that private care normally offers a shorter waiting time than the NHS. There are different levels of cover available which MKSFA can help you understand the differences.
As MKSFA is multi-disciplinary business, where we work closely with our tax and legal colleagues to ensure these protection policies are set up both tax efficiently and compliment the provisions of your estate planning. Contact us to see how we can help you.
