Leave it to the experts!

Why do I think life insurance is important? I often talk to friends and clients who have children and they all agree that I work so hard to provide financial independence for them. There's nothing wrong with that, but let's look at it from the point of view of if you don't earn well above average or don't have huge assets or savings. Then what guarantee do you have that if something were to happen to you and you were to pass away, that what you have worked so hard for would be provided for your family? (Financial support) There is no guarantee! One solution is life insurance, because you pay a monthly sum that dwarfs the amount you can leave behind if something should happen to you. 100k, 200k and so on is the amount to put aside for your lifetime, saying you want to leave your loved ones the amount you imagine you will work for all your life, unless you have a larger life insurance policy to cover this. Of course, there is a limit to how long this amount is tax-free. So I think this type of insurance is very important. If you would like to have insurance tailored to your own needs, contact me for a completely informal and free discussion.

In life, no matter how much we try to live carefully and cautiously, accidents happen because of us or, in many cases, for reasons beyond our control, we are just part of the accident. Since others do not always live life as we do, we often get into accidents because of other people's mistakes or carelessness. Accident insurance is a quick help in case of a fracture or a torn ligament. Because we often can't get straight to work, the amounts that insurers will pay for such cases can help, from £500-£7000, depending of course on the insurer and product you choose. Plus there are also benefits for hospital days, permanent injury, loss of limb. Children can also be added to the policy so they are covered. And there is a whole list of add-ons. Accident insurance is different from life insurance, critical or sickness insurance, in that there are no medical questions and it is accepted in almost all cases. Therefore, it is also a recommended insurance for those who have a medical condition and the other insurance parts are either too expensive or not an option.

This is the product that pays if you become unable to work, whether due to illness or accident. By default, people are not paid 100% sick pay by their employer. In many cases, you will only get the £116.75 per week Statutory Sick Pay. The amount you can claim is not a substitute for the exact amount you were earning before you stopped work. Depending on your insurer, the amount of sick pay you can receive is between 60% and 70% of your gross earned income. Which, when you consider that if you earn the weekly amount required by the state plus this you also get full value. The income received from the insurance is tax-free. This product or form of insurance is particularly recommended for entrepreneurs, as they are not entitled to the weekly state allowance. Sickness insurance can be claimed from the first day, week or month of sickness, with prices decreasing as the payout period increases. You can claim for up to 1, 2, 5 years or until retirement age.

Critical Illness cover is a form of insurance that provides cover if you are diagnosed with a critical illness during the period of cover. Critical illnesses are normally classified into 25 to 65 types, but there are insurers who cover up to 174 types. This type of insurance is different from life insurance, which only pays out if the policyholder dies. In the case of critical illness insurance, the money is paid when the client is diagnosed with the illness and is on the insurer's list, so they are entitled to the money. You are free to use and spend this amount tax-free. Do I need this insurance? You may be asked if you have no major savings in case you are unable to work for a long period of time and have no income or your employer does not pay 100% sick pay, it is definitely recommended. The insurance provides huge financial support in case you fall seriously ill, so at least you don't have to worry about financial things.

The loss of a loved one often leaves families with not only grief, but also severe financial difficulties. An insurance survey shows that three out of ten people today take the ashes of their loved ones home instead of laying them to rest. The proportion of traditional burials has fallen from nearly 100% to 10-15% in 50 years. Financial considerations are largely behind the changes. A good answer to these concerns is a funeral insurance policy (sometimes referred to as a burial insurance policy), which can cost around £3,500-£15,000, depending on the individual's choice. As people get older, the question of what will happen to them after death is a concern. Some people even write a precise script for their own funeral. There has also always been a strong tradition of older people deliberately setting aside a sum of money from their savings for their own funeral. Many people still have this intention today. Our 50+ Bereavement Care package helps everyone to do this. So we can enjoy life with the peace of mind of knowing that we have done all we can to ensure peace of mind for ourselves and our loved ones.

Mortgages

First time buyers and movers, buy to let, additional properties and remortgages.

Protection

Home, Life, Critical Illness, Income Protection and Accident covers, Business Protection and Private Medical Insurance.

Estate Planning

Wills, Trusts, Power of Attorneys

Specialist Lending

Complex buy to lets (HMO, SPV Ltd’s, holiday let’s, ex-pats, portfolio landlords), Shared Ownership and adverse lending

Referrals

Through partner firms we can support you with further financial services, such as equity release, commercial and business finance, bridging, second charges or full financial advice including pensions and investments.
These services are referred to other appointed representatives of New Leaf Distribution. Hitel Financial Ltd is not responsible for the service received.