Protecting Your Family

iStock 000007424344XSmall1 201x300 Protecting Your FamilyAll of us Protect our car, our home and house contents against damage and loss yet many of us do not protect our families in the event that the main breadwinner dies or is unable to work through long term sickness

If you have a young family, you should be asking the following quetions

  • Would my family survive financially if I  or my partner were to die prematurely?
  • Would my family survive financially if I or my  partner were to be unable to work due to long term sickness?
  • Would I  be able to afford help to cope with the family responsibilities if my partner were to die or to be unable to work through long term sickness?

You can protect your family by taking out a cheap form of life assurance called term assurance. Income protection insurance will provide an income for your family should you be unable to work through long term sickness.Nicholls Stevens can advise you on the right type of cover to meet your needs. If you are not in first class health it may still be possible to obtain cover and we will help you to select the right Insurance Company and deal with the medical underwriting. You may have to pay more thn the normal premium but we will aim to obtain acceptable terms for you.

In the case of life assurance, at Nicholls Stevens we will advise you on how to make the policy the subject of a trust so that the benefits can pass quickly to your beneficiaries on your death and avoid the payment of Inheritance Tax. We will also give you advice on how to choose an appropriate person to act as a Trustee for such a policy

Corporate Services

Providing your employees with a good benefits package which includes access to a pension arrangement is important. We help our clients to do this effectively.

Find out more about our Corporate Services

Business Startup Pack

We have worked with many start up businesses over the years and as a result of this we have realised that a start up pack can be enormously important.

Find out more about our Business Startup Pack

John and Ann

John – Retired – aged 79 and his second wife, Ann – age 68

The Client had  children by a previous marriage. He was keen to safeguard the position for his partner. He needed to know that if he died first she could be provided with sufficient income but that eventually his assets would pass to his own family.

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