FAMILY

Providing for those nearest to you in any event

My Hero

Protecting your home, mortgage and income against specific events is a vital step in our planning process.  Thereafter, those of you with a family will realise that these are not the only things that need protecting. 

Ensuring that your family is provided for in the event of long term sickness, critical illness and the worst of all possibilities is vital. If the breadwinner of the household, you should consider the impact on your family of you not being there or being severely ill. Would they require a lump sum over and above your liabilities or an Income?   

This area of planning is all about providing financial comfort in a time of emotional hardship.  Many people do have such cover through their employer but what if you leave that employment or become Self Employed? Also, consider the costs of childcare and home keeping in the event of a house person becoming unable to contribute to the home. 

"Having a young family we wanted to ensure we were fully covered in any event."

M & K McGee, Directors, NAL Ltd, Worcester.

Life Insurance

Independent advice to set up your life insurance is essential. Insurances can unwittingly increase Inheritance Tax Liabilities and end up in probate.  By placing your policy in trust, we can remove these issues – adding value through the advice process. We can also use life insurance to provide an income over a specified period as well as a lump sum.    

Critical Illness Cover

Usually in the form of a lump sum pay-out over a specified term and often attached to life insurance, critical illness cover is a very comprehensive form of protection. Upon diagnosis of a specified illness, your chosen sum assured will be paid. The most common claim areas are heart attack, cancer, stroke and permanent disability. Thoroughly underwritten upfront to minimise the number of claims denied, this cover can be vital, especially as modern medicine can allow us to live for decades after suffering a critical illness.    

Severity Based Cover

A number of insurers have introduced Severity Based Cover as an alternative to traditional critical illness. This aims to provide head to toe coverage and pays out based on the severity of your illness or disability. This means you could receive a pay-out at an earlier stage of your illness, even if it is not life threatening. 

There are varying levels of severity, which are used to determine the amount of money paid out when you need to make a claim. These levels have been set to ensure claims are paid to appropriately reflect the impact that the serious illness has on your lifestyle. This has also shaken up the traditional Critical Illness market with many insurers now making partial payments on less invasive critical illnesses, in addition to the usual coverage.    

Many insurers are also moving towards engagement based programmes where you get rewarded for undertaking healthy activities and pursuits. This can work really well and includes discounts on gym memberships, healthy foods and health screenings.

Where appropriate we can also set up cover via your Limited Company in a tax efficient manner for company directors.


Whatever your family protection needs, Independent James can provide invaluable advice. Contact us for your personalised illustrations.

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