Life Insurance
BUSINESS SUPPORT
Life insurance, or protection, is a generic term used to describe insurance policies that pay out on the event of death, accident or illness.
Term Assurance and Critical Illness Cover Policies
Term assurance policies pay a lump sum on death, and critical illness cover policies pay out a lump sum if you are in an accident, or are ill and cannot work.
Income Protection Policies
The second type are policies that pay out an income after an accident or diagnosis of illness. This is known as income protection, and these provide an income up to 65% of your salary or other earnings.
How can 20:20 help?
At 20:20 Financial Planning we think protection is fundamental to responsible financial planning. We work with our clients to demonstrate the impact that an accident or illness can have on their financial security.
This includes cash flow modelling to show how loss of income can affect retirement plans, or quantifying the increased living costs of losing a spouse in conjunction with a drop in income.
We offer in-company coaching to help teams recognise the uncomfortable emotions associated with this subject. Ultimately, choices are personal, but we can ensure that any decisions are made with clarity.
We understand every business is different, so our services are bespoke to your needs.
