Financial Dependents

If you have people who depend on you or your business for an income and to provide for their standard of living then you may need to put life cover in place. This will pay either a lump sum or a regular income to these dependents if you die.

Amongst the things that you may wish to consider when putting this cover in place are;

• Do you need the cover to decrease, increase or stay the same?
• How do you quantify the amount of cover that you need?
• What is your budget for the cover and is that realistic?
• Do you want fixed or reviewable premiums and what are the implications of each of these?
• Does the plan need to be written in trust and if so who are the trustees and the beneficiaries?
• What type of trust do you need to use?

We take all of the above into account plus a number of other factors when researching the market on your behalf and recommending a plan and strategy to you.