Because Life Happens: Protection for Your Loved Ones in Hard Times
When life takes an unexpected turn, the right protection policy steps in so you, your family, and your business stay secure.
Features & Benefits:
Provides a lump sum payment to your loved ones upon your death.
Covers debts like mortgages, ensuring your family isn’t burdened.
Flexible policies: term assurance, whole of life, and more to suit your needs.
Example:
A young couple with a new mortgage takes out a term life policy. If one partner passes away, the policy covers the outstanding mortgage, allowing the surviving partner to remain in their home without financial strain.
Features & Benefits:
Pays out a tax-free lump sum if you’re diagnosed with a specified critical illness.
Supports you through serious health issues, like cancer or heart disease.
Can be combined with life insurance for enhanced coverage.
Example:
A self-employed graphic designer diagnosed with cancer receives a lump sum payout. This money covers medical expenses and allows them to maintain their standard of living while unable to work.
Features & Benefits:
Replaces a portion of your income if you’re unable to work due to illness or injury.
Offers long-term coverage, up to retirement if needed.
Monthly payouts help cover bills, rent, or other living costs.
Example:
A teacher who suffers a back injury and cannot work for 18 months uses income protection payouts to manage household expenses while recovering.
Features & Benefits:
Firstly, it covers private healthcare costs for quicker access to treatments.
As a result, it reduces waiting times and provides access to specialist care.
Additionally, plans can be tailored for families or individuals.
Example:
A family invests in private medical insurance, ensuring their children receive quick treatment for unexpected medical conditions, avoiding NHS wait times.
Features & Benefits:
Firstly, tax-efficient life insurance for employees is funded by the employer.
This protects employees’ families while benefiting from corporation tax relief.
Additionally, it encourages employee retention by enhancing benefits packages.
Example:
A small business owner offers a relevant life policy to key staff. If an employee passes away, their family receives a lump sum while the business enjoys tax savings.
Features & Benefits:
Covers financial losses resulting from the death or illness of a key employee.
Protects business continuity during challenging times.
Helps fund recruitment or training for replacements.
Example:
A marketing firm insures its head of strategy. When they become critically ill, the payout helps cover lost revenue and hire temporary expertise.
Features & Benefits:
First, it ensures surviving business owners can buy shares from the estate of a deceased partner.
This, in turn, maintains control and stability within the business.
Additionally, it is often combined with cross-option agreements.
Example:
In a three-partner law firm, shareholder protection ensures the business can buy back shares from the family of a deceased partner, avoiding external ownership.
Features & Benefits:
Firstly, it provides income replacement for employees unable to work due to illness or injury.
In addition, it supports staff wellbeing, boosting morale and retention.
Ultimately, it demonstrates a company’s commitment to employee welfare.
Example:
A tech company uses group income protection to support an engineer recovering from a long-term illness, helping them reintegrate into work when ready.
Finally, Life is unpredictable, but your financial security doesn’t have to be.
In short, whether you’re protecting your family or your business, the right protection policy completes the picture.
TALK TO LSG FINANCIAL TODAY
To get started, let us help you find the protection that fits your needs.
contact us today to secure your peace of mind for tomorrow!
