Search Private Finance



phone email

Business Insurance


What does this cover? Safeguards your business against loss of shareholder/partner

Benefit paid: Lump sum or monthly payment

How does this type of cover work?

This policy provides protection should a business owner, director, or employee die or suffer from a terminal illness during the policy term.

Key Person Insurance

This insurance type safeguards the company should one of your key people suffer death or a terminal illness (critical illness cover can be added if required) preventing them from working.

Shareholder Insurance

If you were to lose a shareholder in your business, through death or long-term illness, then there could be complications and implications for you. This type of protection can provide a lump sum to the remaining business owners, which enables you to buy back the shares from the deceased’s estate.

Relevant Life Insurance

This can be a useful way of attracting and retaining employees by providing protection for their dependants. It’s designed to pay a lump sum benefit payable to the dependants, should the employee die or suffer a terminal illness.

Family Income Benefit Insurance


What does this cover? Income protection following a death

Benefit paid: Regular income

How does this type of cover work?

Family Income Benefit Insurance is a special type of life insurance policy designed to replace a regular lost income. Instead of dependants receiving a lump sum upon death, your family would receive a regular income for a set period to replace the lost income.

When you take out a Family Income Benefit Insurance, you will decide what income you would need your dependants to receive. You will also need to determine how long they would receive this. The premiums will then be calculated, which you would pay now, in order to secure that desired level of cover.

Usually, these policies pay a tax-free regular income from the date of the death of the life assured until the end of the chosen term. This policy is typically described as a form of decreasing term assurance as the cover reduces as time passes.

Critical Illness Cover


What does this cover? Critical Illness

Benefit paid: Lump sum or as an income

How does this type of cover work?

Critical Illness Cover is a way of giving you and your family protection against the financial outcomes should you be diagnosed with a critical illness. The range of illnesses and conditions covered varies depending on the insurer, typically this includes most forms of cancer, heart attack, stroke, coronary artery disease requiring surgery, major organ transplant, multiple sclerosis, and kidney failure.

Should you be diagnosed with a critical illness, you and your family could receive a tax-free lump sum or an income will be paid out (depending on the option chosen). This is designed to help pay for any day to day living costs, bills and general living costs should you need to take time off to recover. The sum could be used towards adjusting how you live, as a result of the illness.

Life Insurance


What does this cover? Death or terminal illness

Benefit paid: Lump sum or a regular sum

How does this type of cover work?

Life insurance is the most well-known type of insurance. It provides you with extra peace of mind should you die or suffer a terminal illness during the life insurance policy term. It is designed to help those you leave behind continue with their lives.

When the policy is set up, you will choose the amount of life insurance you need, how long you need it for and whether you want to take out life insurance in joint or single names.

Upon death, the dependants would receive a lump sum or a regular sum. You choose this at outset. If you choose a regular sum, you can opt to have that sum decreases over time (decreasing cover), remain level (level cover) or increases over time (increasing cover) which helps with inflation.

High Value Life Insurance


What does this cover? Death or terminal illness

Benefit paid: Lump sum or a regular sum

How does this type of cover work?

This is designed for those individuals with high value property. It works in the same way as life insurance to provide a safeguard for dependants should the worse happen. If you have a high value property and require a high level of life cover, then you will need to allow access to a GP’s Report and undergo a medical as well. This is because the cover is higher and the insurer themselves has more safeguards in place.

Health Insurance


What does this cover? Illness or sickness

How does this type of cover work?

Provides you and your family with fast access to the best specialists at leading medical facilities.

Health insurance is designed to pay for private medical care should you become ill or injured. It means you can by-pass NHS waiting lists and receive quick access to medical treatment. Health insurance covers the costs of private healthcare, from diagnosis to treatment. You will pay a monthly premium that will cover some, or all, of the cost of treatment.

Income Protection Insurance


What does this cover?  Accident or illness

Benefit paid: Regular income

How does this type of cover work?

Income protection insurance can give you peace of mind when you are unable to work due to an injury or illness and is designed to cover bills and living costs. You do not receive this monthly sum straight away, as there is always a period of time between the first day you are unable to work, and when the payments begin. This is known as the deferred period, which you will select when the policy is set up. Payments are made until you are able to return to work, the policy term ends or upon death. Again, this is all selected at outset and affects premiums.

Whole of Life Cover


What does this cover? Financial support following a death

Benefit paid: Lump sum

How does this type of cover work?

The main benefit of this policy is to provide peace of mind in the event of a death and can be used in personal and business situations, as well as for certain taxation purposes. Whole of life cover, as the name suggests, pays out a lump sum on your death. This can be used to protect dependents against loss of financial support, provide a tax-free legacy, cover expenses following a death, or fund inheritance tax payments.

You will determine how much you wish to have as the lump sum. The insurer will then work out the premiums required based on things such as your age. Upon death, your dependants receive the lump sum that you stipulated at the outset. When choosing this lump sum, you will of course need to consider how much that would be worth in today’s money, taking inflation into account.


What our clients say

Private Finance