Protection planning.
When asked what people value most, they typically say family. However, more often than not, their families are not financially protected. When you buy a car, you take out insurance in case you have an accident. When you buy a house, you take out building and content insurance. Why would you not do the same for your family if something were to happen to you or your income?
How to protect your
finances properly
Life is full of unpredictability. If something were to happen, would you or your family be able to carry on? Would the mortgage get paid? Would you have any income? The sooner you start planning for financial security, the better. This is because when you are younger (and often healthier), you are able to secure lower-priced insurance with guaranteed premiums and lower dependency.
Life and critical illness cover is also particularly essential if you are self-employed or the sole income provider in your family. This can protect you against becoming unwell unexpectedly or passing away. It ensures your income continues and your family is taken care of.
Some of the services we can offer you
Life and critical illness cover
If you were suddenly unable to work due to a critical illness, do you have a backup plan? Taking out Life and Critical Illness cover not only ensures your income is protected and your family are taken care of, but also significantly reduces the financial stress in what’s already an extremely difficult situation.
Pure life cover
Pure life cover involves providing financial support to your family in the event of your death. It’s an extremely important decision and one that ensures your family are looked after and able to continue their lives without the financial strain that could occur.
Legacy for children
Looking after your children and ensuring they inherit your wealth is paramount for many people’s families. You have worked hard to build your assets and accumulate wealth, so we are here to help you leave a legacy for your children and loved ones.
Inheritance tax liability
In the event of your passing, you no doubt want to ensure your loved ones get the maximum amount of inheritance possible. Through planning and careful distribution of your wealth, we are able to reduce your inheritance tax liability and secure the maximum amount of wealth your inheritors are entitled to.
Income protection for self-employment
When you’re self-employed, you don’t get the same benefits as many employees - such as receiving income if you’re unable to work. With income protection, you can retain your income and regain loss of earnings if you are ill, injured or unable to work, providing excellent peace of mind for you and your family.
Corporate protection
In business, if something were to happen to a key director or employee, it could mean disaster. With proper planning and the right insurance, we can help you avoid some of these stresses by protecting against profit loss, recall of loans, and reduced productivity.
The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.
How Hansa Wealth Management can help you
At Hansa Wealth Management, we work closely with you to determine exactly what you need. We ensure you have cover for maintaining your lifestyle and income, with regular reviews in case your circumstances change or your income increases. This means you can be covered for all eventualities.
We can also help with protecting your wealth and legacy for your children and loved ones. Through wealth preservation, your children are able to inherit the maximum amount possible, while minimising the inheritance tax liability.
The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances.
