Life Assurance & Protection

Business Protection
Our specialist business advisers can guide you through the wide range of protection products that are available to your organisation and help ensure you are covered, no matter what life has in store.

Here are some examples of how MCB Financial Planning can help:

• Key Person Protection
• Partnership Protection
• Director's Share Protection
• Private Medical Insurance
• Group Life Schemes (Death-in-Service)
• Permanent Health Insurance

Inheritance Tax Planning
Protecting Your Wealth - Reduce the impact of Inheritance Tax
Inheritance tax can substantially reduce your family's inheritance. However, we offer advice for cost-effective, easy to arrange protection in order to reduce the effects of inheritance tax and help protect your hard earned money from the tax man.

Mortgage Protection
Making sure you can meet your mortgage commitment whatever happens.
Most lenders will insist that you take out some life cover to pay off your mortgage if you die before the mortgage has been repaid. But you should also consider protecting your mortgage in other situations. There are a variety of ways to do this:

Term Assurance
There are two types of Term Assurance to cover your repayment mortgage in the event of your death.

• The conventional single or joint life Level Term Assurance Plan pays out a guaranteed lump sum if you die within the term of the plan.
• With the Mortgage Decreasing Term Assurance Plan, the sum reduces at each plan anniversary throughout the term.

There are many variations and options available as standard through mortgage related policies including:

Guaranteed Insurability
Allows you to increase your life cover without having to provide any further medical evidence (only available on Mortgage Term Assurance).

Critical Illness Cover
In some cases this can be added and is designed to pay out a lump sum should you suffer certain illnesses.

Waiver of Premium - Covers your premium payments in the event of long term ill health either through sickness or an accident.

Mortgage Payment Insurance
Mortgage Payment Insurance aims to pay you a monthly benefit to help with your mortgage payments if you are unable to work due to illness or accident. The benefit is paid after a period of sickness, which you select when the plan starts. In addition, you will not have to pay any premiums while you are receiving the benefit, and the benefit will continue until you return to work, you get to the end of your mortgage term, or your Mortgage Payment Insurance policy ends, whichever is first.

This type of policy provides peace of mind for you if you have a mortgage and want to try to ensure you can continue to make the payments even if you are unable to work due to sickness or disability.

Mortgage Critical Illness Cover
Built-in life protection or term assurance will cover the mortgage if you die, but what would happen if you were unable to work because of a critical illness? You might not be able to keep up with the payments. So, it's worth considering mortgage-linked Critical Illness Cover.

Our Mortgage Critical Illness Plan will provide a guaranteed lump sum that could be used to repay your mortgage if you are diagnosed as suffering from a specified critical illness or disability during the life of the Plan.

With Mortgage Decreasing Critical Illness Cover, the sum will reduce at each anniversary of the Plan. It is designed to provide cover as the outstanding capital

Family Protection
Protecting Your Family
If you have a family, protecting their future financial security is the main priority but it needn't cost as much as you might think.

Our advisers have been helping to protect families for many years and we offer access to a wide range of products and services to suit you and your family including:

• Term Assurance
• Whole-of-Life cover
• Critical Illness cover
• Income Protection (permanent health insurance)
• Mortgage Protection
• Private Medical Insurance

We believe that clients need to ask themselves the following questions:

• What cover do I have?
• Is it enough?
• Am I paying the too much?
• How much cover should I have if the worst happened?

Our trained advisers can help you choose Protection which is both Suitable and Affordable.

MCB Financial Planning Limited is Authorised and Regulated by the Financial Services Authority and is entered on the FSA register (http://www.fsa.gov.uk/register/) under reference 468805.

The guidance and/or advice contained within this website are subject to the UK regulatory regime, and are therefore targeted at consumers based in the UK.