Providing for you, your family and your business
AM Financial can help you calculate how much protection you need in place - for you and your family. Often people have life cover covering their mortgage loan and additional cover from their employer. AM Financial can help you assess what residual need you have for life insurance. We can take you through the likely cost and what determines this.
In return for a monthly payment, life cover provides a lump sum (and possibly a regular payment) on your death. Whole of life assurance applies for all our life. It is used for family protection, funeral cover and inheritance tax cover. Term assurance is a cheaper option but only provides cover for the term that you choose. It is used for loan cover and business cover. We can help talk you through the sometimes confusing options in life assurance.
In most situations, mortgage lenders will require you to have life insurance – a mortgage protection policy. AM Financial has access to all the leading insurers in the broker market and can get you a competitive quote and suitable policy. We will take you through the process of assigning your new policy to your mortgage lender.
Serious Illness cover pays a tax-free lump sum if you are diagnosed with one of the specific illnesses or disabilities that your policy covers. A typical policy covers cancer, stroke, Alzheimer’s, MS, heart-attack, Parkinson’s etc.. Alternatively, an income protection policy can provide you with an income in the event that you are unable to work due to illness or injury.
AM Financial has helped businesses plan for the death of a partner. Business ownership transfers to the surviving partner and funds flow to the next of kin of the deceased partner without tax implications. Speak to us to find out more.