Ensure your loved ones are financially secure should anything happen to you.
We appreciate that although we all need to fully protect ourselves and our families, it sometimes appears unaffordable. We take the view that a percentage of something is better than nothing. We would rather you have some cover in place than none. We can tailor your budget to meet your needs. We will always give advice based on the correct amount of cover that you should have, but it is important to understand that this can be adjusted to meet a set budget.
Sadly, we all very much get what we pay for and financial protection is no exception. We have years of experience in arranging and advising on various policies. We carefully select providers who we believe reflect the needs of our clients. We openly explain to clients that we do not source or choose providers on cost alone. We look at the financial stability of the provider, claims payout percentages, claims handling procedures, additional benefits and customer service as well as competitiveness of premiums. This is paramount to Lilac Tree Financial’s core ethics.
We go to great lengths to ensure that you understand why you need a particular cover. This in turn helps to ensure that you keep the cover we have worked hard to provide you with. It is totally pointless taking out such a policy if you keep it for 11 months then cancel the cover as you would have wasted premiums. We hope that by understanding why the cover is important to you, this will ensure that you keep the cover in the first place.
A Level Term Assurance pays out a pre set sum in the event of your death. The amount of cover stays the same throughout the length of your policy and the cash lump you receive is tax free.
This type of insurance also pays out a cash sum should the worst happen, but unlike the level term life assurance the amount decreases over time. These policies are usually taken out alongside a mortgage so as you repay your mortgage and the amount left outstanding decreases, so too will the pay out of your policy.
Family Income Benefit pays out in the event of your death, but instead of receiving a lump sum, it is designed to replace your income, so until the end of your policy the beneficiary will receive a monthly tax free amount.
You can tailor this type of policy to fit your family’s needs. This can be done by running the policy until your children become adults and also by factoring in inflation, ensuring the payouts hold their value in the current financial climate.
Critical illness insurance is designed to pay out a tax free amount should you be diagnosed with a serious or long term illness.
We will help you look into what the policy actually covers as the cheaper ones do not always cover certain illnesses but more comprehensive ones will.
This policy is designed to cover a percentage of your income if you are unable to work due to sickness or an accident. it has pre set terms that decides the amount of time that passes after you are unable to work before it pays out.The policy then continues to pay out until you either return to work, reach retirement or you come to the end of your policy.
This policy covers three ares, accident, sickness and redundancy, you can take out income protection to cover you against just accident and sickness or all three.
For Accident sickness & unemployment insurance we offer products from a selected panel of providers.
Our advisers are available to offer one to one advice Monday to Friday, 9am-5pm.
Please call 01684 561901 to arrange a time where we can sit down and discuss your options.
Or alternatively you can request a call back by filling in the form below.