Protection Assurance & General Insurance
Protection
Protection is the bedrock of all financial planning. Have you really considered how your family might cope financially without you?
Negotiating the myriad of choices of life assurance can be overwhelming but LilleyCo believe in the simple principle of the right money, in the right hands, at the right time. This gives you the security of knowing that, in the event of death, disablement or critical illness, your family and loved ones will have some financial stability.
We can help you to achieve peace of mind and do so by advising on the following areas:
Mortgage protection
Family Protection
Life Assurance
Critical Illness Cover
Income Protection
Private Medical Insurance
Accident/Sickness/Unemployment
General Insurance
Principle of Average – Payout = Claim x (Sum Insured / Current Value)
An integral part of modern life is the need for insurance for your personal possessions and your home, your business, your assets and your property portfolios. LilleyCo understands that you are busy and can be confused by the many different options available to you; it is likely that many of you renew existing policies without first checking to see if there is a better product in the market. LilleyCo are able to offer you a range of home and buildings insurance products through Paymentshield thus ensuring competitive quotes and peace of mind when you need it most.
We are able to offer:
Accident Sickness & Unemployment Insurance
Buildings and Contents Insurance
Landlords Insurance
“The specific uses of the terms ‘insurance’ and ‘assurance’ are sometimes confused. In general, ‘insurance’ refers to providing cover for an event that might happen (fire, theft, flood, etc.), while ‘assurance’ is the provision of cover for an event that is certain to happen.’
HM revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be forseen
Company Protection
Many businesses do not assess the impact of the death or serious illness of a partner or key member of staff and are thus left vulnerable when such an event strikes. Loans can be recalled, customers can lose confidence, strategic knowledge can be lost – all resulting in a loss in profits and in some cases, serious financial difficulty for the business.
For example:
The loss of a shareholder could result in their beneficiaries playing an active role in your business. These people may not have the necessary expertise to make qualified decisions or worse, may sell their shares to your competitor.
Your own beneficiaries may prefer to receive cash rather than company shares in the event of your death. Your fellow shareholders may not have the cash to buy those shares which could result in your own family suffering financial hardship.
These scenarios could be easily avoided via the placement of relevant and appropriate insurance policies and trust arrangements, all of which LilleyCo can help you to identify and put in place.
The following are some of the most important areas we cover:
Keyperson Insurance
Partnership Assurance
Cross-shareholder Agreements