Private Healthcare, Critical Illness Cover, Life Cover and Income Protection - protect your business, family and assets.
Protecting your business, mortgage, family and lifestyle are one of the most important cornerstones of financial planning and making sure you have the right policy and amount of cover requires expert advice. At Avenue & Co Private Finance, we do the analysis for you.
We are independent and can offer expert advice on every type of insurance available to you and often the cheapest option may not necessarily mean it is the best.
We offer advice on a fee based option whereby we refund all commission back into your policy to reduce the monthly premium, and we charge a fixed fee of £500 to £1,500 per contract. Full details are available from your adviser, ask them to show you the monthly savings for 100% commission rebates on individual quotes.
What is business protection?
Arranging business protection is often thought to be lengthy and complicated. But actually, the principles are similar to any other type of protection.
The most significant differences are:
- Business protection generally incorporates higher sums assured.
- A claim may be paid to a business, not a family member.
Business protection could help client owned businesses continue to trade in the event of a key person, partner or director falling terminally or critically* ill or dying.
Types of protection
We offer three main kinds of business protection:
- Key Person Insurance: If your business has an individual or individuals who are fundamental to its success, you should consider this type of protection.
- Partner / Director Insurance: The loss of a partner or director may destabilise the business and can quickly lead to financial difficulties. Partner/Director Share Protection means if the worst does happen, the remaining directors or partners can stay in control of the business.
- Business Loan Protection: The loss of the person or people who have guaranteed a loan is particularly serious for a business. Business Loan Protection helps your client pay an outstanding overdraft, loan or commercial mortgage, should the guarantor die or become terminally or critically ill.
Types of policy
Business protection can be written in three ways:
- Term assurance
- Term assurance plus critical illness cover
- Whole of life
All policies can be set up in trust to avoid probate and speedy payment to beneficiaries.
With a bit of forward planning and the right protection products on your side, some peace of mind can be restored, leaving you to focus on what’s really important.
Protection can cover you, your partner and offer financial security for your family if you:
· are diagnosed with a critical illness;
· suffer an accident or illness and are unable to work;
· lose your job;
· want to be treated privately;
· die.
Understanding the products that are around and the sort of financial assistance they can deliver can be reassuringly comforting. Information featured on our website can educate you on the different products and options available.
To get the right answers to your personal circumstances though, it’s usually best to call in professional advice. We can help you decide on:
· which steps to take to protect you and your dependants;
· the best products for your evolving needs;
· what needs doing first.
Current family circumstances or a change in job could influence how much protection you need. To keep your life on track, whatever the knocks, contact us today or click on any of the sections on the right for further details.
Alternatively, you can email us at: enquiries@avenue-pf.com or complete the online enquiry form for a free and confidential call back or to arrange a free business/personal consultation.