01787 860 770 or 01206 430 770 info@trustfinancialsolutions.co.uk

Personal & Professional Insurances

From Life Insurance to Business Protection Insurance we can help you find the right policy and cover to best suit your requirements.

 

Call us on 01787 860 770 or 01206 430 770

Trust Financial Solutions - Mortgage Advisers in Sudbury and ColchesterTaking out life cover provides the peace of mind that your loved ones will be able to cope financially if you die. If you have a family, having a valid life insurance policy is very important. Having a family means you have a financial obligation to put a roof over their heads, food on the table and provide clothes and warmth.

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Mortgage Payment Protection provides cover for accident, sickness and unemployment. This gives you peace of mind that your monthly mortgage repayments will be covered in any of these eventualities.

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An insurance policy that pays out the sum assured if you pass away. It provides peace of mind that your family will be able to survive financially if the worst was to happen.

The loan is not decreased and at the end of the specific period the capital still remains and you will have to pay off this loan in full.

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Level term assurance life cover is an insurance policy that pays out the sum assured during the term of the plan if you pass away. It provides peace of mind that your family will be able to survive financially if the worst was to happen.

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This type of plan can provide cover against you suffering from typically 35 or more different critical illnesses, such as heart attack, cancer, a stroke and many more, together with children’s critical illness cover being included in the policy automatically.

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Designed to provide a lump sum on diagnosis of a serious illness or premature death, whichever is first. The main benefit being that Serious Illness cover may pay out in less serious circumstances than a Critical Illness policy, albeit, often with a reduced sum assured.

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Provides a monthly income for employed and self-employed people if they are unable to work through accident or sickness. Peace of mind that your monthly mortgage repayments and other bills will be covered in any of these eventualities.

 

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This insurance provides a monthly amount to be paid out on the death of a partner, producing a monthly income for the surviving family for the life of the policy. This will then allow the mother or father to continue supporting their children’s activities, such as education or university.

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The aim of over 50’s insurance or whole of life cover is to provide a lump sum payment when the policyholder dies, irrespective of their age.

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This insurance provides life cover and pays out irrespective of your age, whether you are 20 or 100. This give you total peace of mind that a sum will be paid out on your death.

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A range of insurances aimed at protecting your business.

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Life Insurance

What is life insurance cover?

Life insurance cover is an insurance policy that pays either a lump sum of money or regular monthly payments upon the death of the policy holder.

Why should I get life insurance cover?

Taking out life cover provides the peace of mind that your loved ones will be able to cope financially if you die. If you have a family, having a valid life insurance policy is very important. Having a family means you have a financial obligation to put a roof over their heads, food on the table and provide clothes and warmth.

In the event of your death, life insurance pay-outs can assist with all of these things. The bottom line is this: If you have people who are financially dependent on you, then you probably need life insurance cover.

Mortgage and Insurance Advisers in Sudbury and Colchester, UK
How much life insurance do I need?

The amount of life cover needed can vary greatly from person to person. Write down how much money you earn and then take into consideration everything your pay covers and how your family would get by without that money. You also need to think about other things you would like your life insurance to cover if you were to die prematurely, for example, you might like to cover your children’s education.

Which type of life insurance is right for me?

There are different types of life insurance cover available depending on your financial obligations and what you would like your policy to do for you. One of the most popular and most simple life policy options is term insurance, which provides you with cover for a set period of time.

Whole of life insurance is another popular option which covers you for life and pays out a lump sum of money when you die. Investment based policies are also available, though they come with a much higher level of risk.

How do I get a quote for life cover?

Trust Financial Solutions is dedicated to helping our customers get peace of mind by ensuring they find the right life insurance cover for their needs and financial obligations. We offer a confidential one-on-one service and can take the hassle out of purchasing life insurance and other financial products.

Speak to one of our insurance advisers today

Should you need help or understanding about this type of protection, please call Trust Financial Solutions for expert advice and help and reassurance on which one is right for you. When life turns against you we provide peace of mind through financial security.

  • Trust Financial Solutions can assist you in finding the right protection for you. We offer a confidential one-on-one service that can take the guesswork out of insurance and help to guide you through the process from start to finish. This is what we do best and we look after you every step of the way
  • We understand what your family needs will be and match these to the products available to us to give you the best possible value for money
  • We coordinate the whole process to provide you with a suitable policy from our panel of well-known providers in the shortest amount of time
  • We take pride in meeting your timescales wherever possible through giving you balanced & reliable advice
  • We strive to be professional, courteous, prompt, trustworthy, honest, caring, but most importantly, always have the best interests of you, the client, at heart
  • Trust Financial Solutions gives you peace of mind by helping you achieve greater financial security
  • Trust Financial Solutions helps deliver peace of mind and financial security to people who care for their loved ones because we know it matters
Mortgage Protection Insurance Advisers Sudbury and Colchester UK

Mortgage Payment Protection Mortgage

Mortgage Payment Protection provides cover for accident, sickness and unemployment. This gives you peace of mind that your monthly mortgage repayments will be covered in any of these eventualities. So should you be in an accident, off sick, disabled or are unfortunate to be made redundant, your mortgage costs will be covered for up to typically 12 months. If you are a tenant and renting, this type or similar insurance can also cover your rental costs.

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income.

For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk

The typical cost is £7.50 per £100 of monthly benefit. This is based on someone aged 35 and with a 30 day waiting period.

At Trust Financial Solutions we understand the need to ensure that with unforeseen circumstances, you will still be able to manage.

Decreasing Term Assurance (DTA) Insurance

Term assurance life cover is an insurance policy that pays out the sum assured if you pass away. It provides peace of mind that your family will be able to survive financially if the worst was to happen.

Decreasing Term assurance, also known as decreasing term life insurance, provides life cover at a reducing amount for a set period of time. This is commonly used to cover a repayment mortgage. The level of cover decreases throughout the term in line with your mortgage. Please be aware there is no investment linked with this type of policy. This type of policy is generally the cheapest form of life cover.

It is important that you choose the right policy type for your financial and family circumstances, though this need not be an overwhelming process. It might seem like there’s a lot to think about when choosing life insurance cover, but it’s actually relatively simple.

At Trust Financial Solutions we understand the need to ensure those left behind will be able to manage if you were to pass away.

Decreasing Term Assurance Adviser Sudbury and Colchester UK
Level Term Insurance Advisers in Sudbury and Colchester UK

Level Term Insurance

Level term assurance life cover is an insurance policy that pays out the sum assured during the term of the plan if you pass away. It provides peace of mind that your family will be able to survive financially if the worst was to happen.

Level Term assurance, also known as level term life insurance, provides a sum assured which does not change during the term of the plan. This is commonly used to cover an interest-only mortgage. Please be aware there is no investment linked with this type of policy.

It is important that you choose the right policy type for your financial and family circumstances, though this need not be an overwhelming process. It might seem like there’s a lot to think about when choosing life insurance cover, but it’s actually relatively simple.

At Trust Financial Solutions we understand the need to ensure those left behind will be able to manage if you were to pass away.

Life & Critical Illness Cover

This is designed to provide a lump sum on diagnosis of a specified critical illness or prior death during the term of the plan, whichever is first.

This type of plan can provide cover against you suffering from typically 35 or more different critical illnesses, such as heart attack, cancer, a stroke and many more, together with children’s critical illness cover being included in the policy automatically. This cover can be set up either as decreasing or level term. You can have either critical illness cover on its own, or with life cover included in the policy.

It is important that you choose the right policy type for your financial and family circumstances, though this need not be an overwhelming process. It might seem like there’s a lot to think about when choosing life insurance and critical illness cover, but it’s actually relatively simple.

At Trust Financial Solutions we understand the need to ensure those left behind will be able to manage if you were to pass away.

Life and Critical Illness Insurance Advisers Sudbury and Colcehster UK
Life and Serious Illness Cover Advisers Sudbury and Colchester UK

Life & Serious Illness Cover

This is designed to provide a lump sum on diagnosis of a serious illness or premature death, whichever is first. The main benefit being that Serious Illness cover may pay out in less serious circumstances than a Critical Illness policy, albeit, often with a reduced sum assured.

Typically, a Critical Illness plan may provide cover for about 40 illnesses, whereas the number of ’serious illness’ conditions that we are able to offer cover for through our provider is in excess of 100.

It is important that you choose the right policy type for your financial and family circumstances, though this need not be an overwhelming process. It might seem like there’s a lot to think about when choosing life & serious illness insurance cover, but it’s actually relatively simple.

At Trust Financial Solutions we understand the need to ensure those left behind will be able to manage if you were to pass away.

Income Protection Insurance

This provides a monthly income for employed and self-employed people if they are unable to work through accident or sickness.

This gives you peace of mind that your monthly mortgage repayments and other bills will be covered in any of these eventualities. So should you be in an accident, off sick or become disabled, you will have a regular income to put towards your monthly outgoings, which generally will be payable until you return to work, retire, or the policy ends, whichever is sooner. Also, under current legislation this income is tax free.

The maximum cover available varies from provider to provider, however a benefit of up to 50 – 60% of your pre disability gross income is fairly typical.

It is important that you choose the right policy type for your financial and family circumstances, though this need not be an overwhelming process. It might seem like there’s a lot to think about when choosing life insurance cover, but it’s actually relatively simple.

At Trust Financial Solutions we understand the need to ensure those left behind will be able to manage if you were unable to work through accident or sickness.

Income Protection Insurance Advisers Sudbury and Colchester, UK
Family Income Insurance Advisers in Sudbury and Colchester, UK

Family Income Benefit

This insurance provides a monthly amount to be paid out on the death of a partner, producing a monthly income for the surviving family for the life of the policy. This will then allow the mother or father to continue supporting their children’s activities, such as education or university.

It is important that you choose the right policy type for your financial and family circumstances, though this need not be an overwhelming process. It might seem like there’s a lot to think about when choosing life insurance cover, but it’s actually relatively simple.

At Trust Financial Solutions we understand the need to ensure those left behind will be able to manage if you were to pass away.

Over 50’s Life Insurance

The aim of over 50’s insurance or whole of life cover is to provide a lump sum payment when the policyholder dies, irrespective of their age. While this amount can be used to clear down existing debts it can also be used to provide for the on-going education of children or grandchildren, or used to help towards funeral costs. This plan can be placed in trust, and we will advise you on whether this is appropriate.

It is important that you choose the right policy type for your financial and family circumstances, though this need not be an overwhelming process. It might seem like there’s a lot to think about when choosing life insurance cover, but it’s actually relatively simple.

At Trust Financial Solutions we understand the need to ensure those left behind will be able to manage if you were to pass away.

*Note – The Financial Conduct Authority do not regulate trusts

Over 50's Life Insurance Adviser in Sudbury and Colchester, Essex UK
Whole of Life Insurance Advisers Sudbury and Colchester UK

Whole of Life Insurance

This insurance provides life cover and pays out irrespective of your age, whether you are 20 or 100. This give you total peace of mind that a sum will be paid out on your death.

Whole life insurance policies or whole of life insurance policies provide you with life cover for the whole of your life. When you die, the guaranteed sum assured is paid out as a lump sum. A whole of life policy is designed to protect and provide for your family or loved one’s financial needs when death comes.

There are two main types of life cover: Whole Life Insurance & Term Life Insurance

The main difference is where Whole Life insurance provides cover for the whole of an insured person’s life; Term Insurance is designed to run for a specific period of time, sometimes alongside a financial product such as a loan or mortgage or to cover the costs of known life events. Generally, if you’re looking to guarantee a lump sum on your death – perhaps to pay for funeral expenses or to give your family a financial cushion – a whole of life assurance plan may be ideal.

It is important that you choose the right policy type for your financial and family circumstances, though this need not be an overwhelming process. It might seem like there’s a lot to think about when choosing life insurance cover, but it’s actually relatively simple.

At Trust Financial Solutions we understand the need to ensure those left behind will be able to manage if you were to pass away.

*Note – Trust Financial Solutions are not authorised to provide investment based whole of life advice. Should you have a need for investment based Whole of Life Insurance you will be referred to a third party provider. Neither Trust Financial Solutions nor First Complete Ltd accept responsibility for any advice supplied by the third party.

Business Insurance

Keyman Insurance

This provides insurance for the key people in any business against the loss of profits, loss of an important staff member, and the ability to continue working successfully.

This type of insurance is here to cover the important people within your company. This insurance is very important to keep the business going forward in times of a crisis. It can cover you for premature death, a critical or serious illness. It pays the company directly which allows the company to continue its business and pays for a new temporary member of staff to carry out their duties until the key person returns to work.

This provides insurance for the company should the Director Shareholder die suddenly or get a critical or serious illness.

This type of insurance is here to cover the shareholders within your company. This insurance is very important to keep the business going forward in times of a crisis. It can cover you for premature death, a critical or serious illness.

How can you afford to buy the company’s shares, or who will buy the company shares and will this person know the business or wish to work within the business?

Business Protection Insurance

Protects any loans the company may have i.e. Directors loans accounts, should the company suffer a death and pressure is then applied to the company.

This type of insurance is here to cover the important people within your company. This can either be the Director, Shareholders, Partners or the key people. This insurance is very important to keep the business going forward in times of a crisis.

Relevant Life Insurance

A Relevant Life Plan is a tax efficient term assurance plan available to employers to provide an individual death in service benefit for an employee (including salaried directors). It is designed to pay a lump sum if the employee dies whilst employed during the length of the policy.

Disclaimer - Note:
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
We will charge a broker fee of between £299 and £499, payable on application. The amount we will charge is dependent on the amount of research and administration that is required.