Not surprisingly, life assurance is a topic many people prefer not to think about, but when it comes to making long-term financial plans, it is an important topic to address. When reviewing your investment goals it is an ideal time to build-in the reassurance of financial protection for you and your family. After all, it’s only sensible to consider how best to provide for them financially should anything happen to you.
What sort of protection do you need?
With life assurance, everyone will have different goals. That’s why a financial adviser is essential in helping you decide what level and type of cover will be best for your specific circumstances. Your age, your family and work situation, and your present health will all be factors in deciding what’s most suitable.
We provide a flexible choice of award-winning protection solutions. Not only can you tailor our protection products to match your needs today, they are flexible enough to meet your future needs too. Plus, you can change your level of cover, within limits, as your circumstances change.
The decision is yours
You’ll have a number of important decisions to make when deciding on the type of life cover you need, this includes deciding how long you want your cover to last.
You may need a policy for a specific length of time to protect your family while your children are growing up, or you may choose to have cover for the whole of your life.
We offer the following protection products through your financial adviser. For added flexibility, you can use any of these policies to provide cover for your business, as well as personal cover.
- Skandia Protect is a flexible protection plan which offers you different periods of life cover – from a few years to throughout your life.
- The Skandia Plan is a ‘unit-linkedUnit linkedWhere the value of the saver's fund is linked to the value of the units of the trust or life company fund it is invested in. life insurance policy’. This means that part of your regular payment is invested in funds of your choice, giving you the potential for investment growth. The plan covers you for your whole life and it will provide the financial protection of a cash sum when you die. The Skandia Plan is also one of the few life assurance policies of its type where payouts are usually free of personal tax. You can also use it for inheritance tax planning when you put it in a suitable trust.