Life Assurance.
Life cover protects you for a fixed term to provide a tax free lump sum against death or terminal illness.
This assurance can provide a lump sum benefit to pay off outstanding debts such as a mortgage or loan but can also provide your family with a lump sum to help them cope should the worst happen.
The largest commitment that we will make in our lives is generally the purchase of a house.
What would happen to your spouse or children should you not be around to pay the mortgage?
The likelihood is that most will have to sell the property of their dreams so as to make living more affordable.
Life assurance cover from CFM Financial Planning in Surrey can be set up to be level, increasing or decreasing depending on your individual circumstances.
There are also options to write a joint policy or two single policies, sometimes two individual policies can be more cost effective.
There are several options available and we recommend contacting CFM Financial Planning for a tailored solution.
CFM Financial Planning can explain the benefits of placing policies into trust.
There are several benefits to trusts that will assist your family at this traumatic time.
The main benefits are as follows:
- The lump sum will not form part of your estate for inheritance tax purposes on death.
- Avoids the probate process and ensures a speedy payment to your beneficiaries, the people who need it most.
- Allows you to nominate the beneficiaries.
Trusts are flexible and you always remain in control.