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Comprehensive Protection Solutions for Your Financial Wellbeing

When life throws the unexpected your way, the right protection policy ensures that you, your family, and even your business stay financially secure.

Let’s explore the main protection products available, their features, and how they can make a real difference.

For Individuals

1. Life Insurance

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.

2. Critical Illness Cover

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.

3. Income Protection Insurance

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.

4. Private Medical Insurance

Features & Benefits:

  • Covers private healthcare costs for quicker access to treatments.

  • Reduces waiting times and provides access to specialist care.

  • Tailored plans 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.

For Companies

1. Relevant Life Policies

Features & Benefits:

  • Tax-efficient life insurance for employees, funded by the employer.

  • Protects employees’ families while benefiting from corporation tax relief.

  • 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.

2. Key Person Insurance

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.

3. Shareholder Protection

Features & Benefits:

  • Ensures surviving business owners can buy shares from the estate of a deceased partner.

  • Maintains control and stability within the business.

  • 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.

4. Group Income Protection

Features & Benefits:

  • Provides income replacement for employees unable to work due to illness or injury.

  • Supports staff wellbeing, boosting morale and retention.

  • 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.

Why Wait? Protect What Matters Most

TALK TO LSG FINANCIAL TODAY

Life is unpredictable, but your financial security doesn’t have to be. Whether you’re safeguarding your family or future-proofing your business, the right protection policy is a vital piece of the puzzle.

Let us help you find the protection that works for you.

Get in touch today to secure your peace of mind for tomorrow!

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