Pinnacle Financial Solutions LTD

Life Insurance

Life passes us by so quickly that we sometimes forget the little things. Like making sure our insurance plans are up to date.

Life insurance is a financial investment that helps you leave money for your family. This may sustain them for years, replace lost income, or pay off major debts like your mortgage. Life insurance costs monthly. And you premium amount depends on your age, health, lifestyle, coverage needs, and policy type. Life moves so quickly that we sometimes forget the smallest of things. Like ensuring that our insurance coverage remains up to date. If you've relocated or had children or children went to University after you purchased your initial life insurance, critical illness insurance, income protection, or family protection, you may discover that this coverage no longer matches your requirements. Do you understand how insurance firms pay out claims? What documentation is necessary to file a claim? How long will the pay-outs take? In the event of Death who will get entitled amount? Is the money subject to taxation? Now, here’s the great news for you. There is a way to overcome this situation. We assist you in executing agreements that are quick and simple to set up, and we guarantee that your family genuinely benefits from the plans and that the proceeds are paid promptly to the beneficiaries you choose. It may also allow you to ring-fence payments in order to reduce your future inheritance tax liability.

Critical Illness

If you were diagnosed with a critical illness, what would that mean for you and or your family, your home or your finances?

If you were diagnosed with a critical illness, what would that mean for you and or your family, your home or your finances?

It’s not the most pleasant topic to think about, so it’s understandable why many of us put it off. However, a critical illness can happen to anyone, at any time.

If you are diagnosed with one of the illnesses protected by the policy, your insurer should provide you with a payment. Critical illness coverage is different from income protection insurance in that you will not receive a monthly payment to compensate lost income. This type of policy covers a number of different predetermined conditions, which will be detailed within your policy conditions.

In most cases, you will receive one-off tax-free payment that may be used to assist with living expenses, mortgage payments, or to pay for treatment or care. It may help you feel at ease by reducing one of your concerns.

Critical Illness policy will be beneficial.

When you might become critically sick or disabled and unable to work, and your resources are insufficient to support your expenses.

Taking into consideration your savings, statutory sick pay would not be sufficient to cover your income loss or you don’t have an employee benefits package to cover a longer time off work due to sickness. You have a partner who can cover living costs and any shared commitments, such as a mortgage. You and your family depend heavily on your income you don’t have enough savings to tide you over if you become seriously ill or disabled How much critical illness cover do I need? Critical illness insurance is typically taken out alongside other types of insurance, such as life insurance or income protection. It’s often combined with a life insurance policy. The amount of cover you need will depend on:

• Mortgage/rent payments
• Debts, Loans you’re paying off over time
• Childcare or other costs for your dependants.
• take-home pay
• work benefits
• Any medical expenses from adapting your home or travelling to hospital for treatment, or private medical care
• General living costs, like food bills and petrol
• other insurance products you have.

You can adjust the amount of cover you take out according to your needs and monthly payments. It is really important to read the small print before you take the policy and be aware that definitions and exclusions (what isn’t covered) can vary between different insurers. Our experienced advisors will help you to find out the most suitable policy and how much would it cost you, Simply Notify us on +44 300 303 4364.

Income Protection

You might already have other types of insurance, but have you thought about how you would manage financially carry on paying bills if you couldn’t work because of illness or injury?

Insurance can’t stop illness, but it can make dealing with the financial consequences a lot easier.

What are your options?

Income protection could provide an income if you become too ill to do your job. You can choose when you want the income to start – usually when your employer’s sick pay stops. Income protection is designed to pay out a tax-free monthly sum in the event that you are unable to work due to illness or injury. It pays out until you can start working again, or, in some cases, until you retire. Each policy will have different conditions and cover choices against not being able to work in your own occupation, or any occupation. We will help you to choose the best cover suitable for your budget and needs after discussed your requirement in detail…..

Family Income Benefit

Family Income Benefit provides a regular income for your loved ones if you die during the term of the plan. Most families trust on at least one regular monthly income to cover their household spending. How would your household manage financially if you lost a source of income?

Level term insurance pays out a one-off lump sum if the person insured dies. Family income benefit policy will pay out a monthly tax-free income if you die during the term, until the policy ends.

To find out, how does family income benefit work? Why you might want it, how much cover should you may need and for how long? How much does family income benefit cost? Please contact our Advisor for face to face advice.As with all insurance policies, terms, conditions and exclusions will apply.

Accident, Sickness & Unemployement

Do I need Accident, Sickness and Unemployement insurance?

The very easy way to look at this is to ask yourself a few important questions. Does your employer offer sick pay? Do you have enough savings that you are willing to use to cover your bills? Could you maintain your lifestyle and expenses if you had Statutory Sick Pay of £86 per week, or Job Seekers Allowance of just £68 per week? If you live with your partner or children, how would it be affected if you lose your permanent income? Would you be able to manage payments of your mortgage or rent? On top of this financial stress, would you be able to fully recover from your accident or sickness, or find a new career, knowing that your situation could be affecting your loved ones?

Accident, Sickness and Unemployement insurance is undoubtedly one of the most important types of insurance. It is not possible to foresee the future, and whilst you may be fit and healthy now anyone could fall sick and be unable to work. It is all too easy to think "it won't happen to me", but the reality is that certain situations are outside of your control. An accident and sickness protection insurance will give you 12 months of tax-free benefits to help you concentrate on getting better.

Some point, everyone who gets made unemployed would be able to find another job straight away. But according to the Office of National Statistics more than 800,000 people in the UK have been out of work for more than 1 year following redundancy. Unemployment insurance policies will give you the financial support for 12 months to find a new job and get back on your feet and can be bought along with accident and sickness cover.

As with all insurance policies, terms, conditions and exclusions will apply.

Group Insurance

Group Insurance plan is designed for employees to access private treatment to protect their income in the event of Sickness. It provides access to private hospitals and consultants allowing people to get the treatment they need, where they want, when they want and by who they want.

As a business, it’s your worst nightmare. The thought of losing one of your team in the event of death is, for most, simply inconceivable. Should the unthinkable happen and they die - whether at work or home – death-in-service cover financially supports their loved ones by providing a lump-sum payment.

Private Health Insurance (Health Insurance)

Private Health Insurance pays your private healthcare costs from diagnosis to medical treatment if you have a treatable condition. It gives you quick access to medical treatment rather than long wait in NHS, choice in the level of care you get and how and when it is provided. Whether it’s overnight hospital care, outpatient treatment, diagnostic tests, scans or aftercare, you get specialist private treatment when you need it, if it’s covered by your policy.

To find out Do I need Private Health Insurance, how does it protect, what does and doesn’t cover, Is it a good value of money, Why it is different from NHS?

Call us on 0333 340 8899 or email to get a quote or or find out more about Private Health Insurance.