Critical illness cover or ‘CiC’ for short will pay a lump sum to you if you develop an illness specified by your insurer as ‘critical’. Each provider has different payment terms so please do your research or ask for some advice.
Made for ease of access. Over 50s policies pay out a lump sum like level term cover. Over 50s policies, however, don’t require you to take any health of lifestyle questionnaires and have no expiry date meaning guaranteed acceptance and guaranteed pay out.
Relevant life insurance is a more tax efficient way for a company director to employ themselves or their team. It works in the same way as level term cover, the only difference being that the premium is paid by the business. This means no income tax or National insurance contributions.
The death of a shareholder leaves a lot of questions to answer for the business. Pragmatically, you need to think about who will sit on the board, who will take over their client base and what happens to their share of the company. Shareholder insurance can provide you with a lump sum to steady the ship and potentially buy out your late shareholder’s beneficiaries.
Does your business rely heavily on one or more of your team members? Key Person Cover allows you to insure your most influential staff so that, if they weren’t around anymore, you’d have the funds available to run in their absence, to source a replacement and ultimately keep the business alive.
If your business needs a leg up to take it to the next level, you may be asked to sign a personal guarantee. With personal guarantee insurance there’s no need to worry about what would happen to the house if the business doesn’t take off as expected.
If you or your client’s career rests on the knife edge of public opinion, a seemingly harmless act like posting a childhood photo or expressing a personal opinion can snowball into a huge financial catastrophe. Influencer and Public figure insurance protects you from risks such as defamation and intellectual property infringement.
When things go wrong at home and you lose the things you’ve worked so hard for, it’s nice to know that someone’s on your side and there to help. Whether it’s water damage or theft, subsidence or accidental damage, with our home and contents insurance options you won’t need to go through any stress wondering how you’ll afford repairs or replacements.
To be honest, I didn’t really know anything about life insurance before I spoke to TCBlife.
Jack broke everything down and made it so easy to understand and now I feel like I don’t need to worry about what would happen if I got ill and couldn’t work, I can just live my life.
I don’t usually leave reviews like this but when I spoke to Gabrielle, I was so impressed by her that I had to say something. I’m not a big fan of doing things over the phone but she was so friendly and helpful that now that I’ve finally done it I feel like it’s a weight off my mind. Hopefully it doesn’t, but now if anything happens to me I know my kids aren’t going to be left behind without anything.
Very Polite and helpful
Took me 10 minutes and got me more cover than my previous policy
Good cover cheap price and answered all the questions I had. Highly recommend.
The man I spoke to was very helpful and not pushy like some other companies. He sent me an email with everything we talked about and rang me promptly when I asked him to and even sent me some advice on my estate. Very happy with the service overall.
Now, you’re going to hear us say this a lot. It really depends on your circumstances. Your protection requirements depend on a lot of different factos. How much do you owe in mortgages or other debts? How many children do you have? How much income would be lost from your household if you weren’t around. How much would you need for a comfortable recovery after a serious illness?
These are tricky figures to come up with on the spot. That’s why our advisers work with you and ask the right questions to help you work out not only how much cover you need but what exactly you need to protect.
In life insurance terms, a trust or deed of trust is a legal document that we have attached to all of the policies we set up. The trust essentially removes your policy from your estate when you die which means, in most cases, your beneficiaries won’t have to worry about inheritence tax affecting the poliocy payout.
Inheritence tax is a complicated matter and we do have much more in depth information on this so if you’d like to know more, make an enquiry and we’ll send you some literature.
No. Not always. Standard level or decreasing term cover pay out on death and, usually, diagnosis of a terminal illness. Life insurance, though, covers a whole host of other payment conditions. Income protection pays a salary if you can’t work due to accident or illness. Critical illness cover pays a lump sum if you’re diagnosed with a predetermined illness. Take a look at our brief prduct breakdowns and if you’d like to know more our advisers are happy to explain the specifics.
The license we hold with the Financial conduct authority (FCA) entitles us to offer financial advice on ‘non-investment insurance products’. In simple terms this means that our advisers are trained and educated to understand our insurance products inside and out. They’re also trained to assess individual circumstances and, therefore, offer recommendations on which insurance will fulfil your protection requirements.
We’ll explain why we’ve made our recommendations every step of the way so that you fully understand what we’re doing for you. We’ll send you a letter outlining the basis of our adavice for your records.
We’re directly authorised by the Financial Conduct Authority (FCA) who hold us to very high standards. We have to be able to prove, in individual cases and as a whole, that we are acting in ech client’s best interest. As such, we work on a ‘best advice’ policy. This means that if we can’t find a policy that’s suitable for you, or that is an improvement on your current circumstances, not only will we never try and sell you a policy, we’ll also tell you that you’ve got the best you can get.
Well, that varies really. It usually takes our advisors around 10 minutes to generate quotes from our panel of insurers and decidw hich, if any, would be best for you. Then, if you’re happy and want to go ahead it takes about 15 minutes to answer all the relevant health and lifestyle questions asked by the insurer. But bear in mind, some cases are more complicated than others and our advisers like to get to know each client as well as possible so this could take longer.
For each policy we help set up, the insurer pays us a comission based on the cost of the policy. This means you never have to pay for our services. The comission we take won’t affect the price you pay.
We’ve got a pretty large panel of insurers here at TCBlife but if you’re looking for someone in particular, her’s the full list.
• Liverpool Victoria
• Royal London
• Scotish Widows
• National Friendly
• One Family
• Shepherd’s friendly
• Payment Shield
• The exeter
• Cappital Life funeral planning
Firsrtly, your circumastancs may have changed vastly since you took your policy out. Your insurance should always be based on your individual requirements. If you’ve paid the mortgage off now, maybe you don’t need as much cover. Likewise, if you’ve had a child since, then perhaps you should consider increasing your cover. Regularly reviewing your insurance means you’ll always have the peace of mind that you’re not over or underinsured.
Secondly, the insurers are changing the way they assess risk all the time and you should capitalise on this. What they charged £30 for a few years ago, may only cost £20 with today’s underwriting policies.
If you decide take a policy with us we’ll prompt you to do this every now and again so all you need to do is keep an eye out for our email or phone call.
A lot tof the time, Yes. Insurers work based on risk. Just because you smoke or you’ve been/are ill in the past doesn’t necessrily mean you won’t live a long life. There are, however, a lot of factors to take into account here. Our advisers have dealt with just about any medical condition you can imagine and have direct contact with the insurer’s expert underwriters. Having a chat and explaining your circumstance is your best bet.