Relevant Life Plans allow you to provide employees (including directors) with tax efficient death in service benefits without the need for, or alongside, a pension scheme. Relevant Life Plans can be particularly beneficial for small businesses that don’t have enough eligible employees to warrant a group life scheme. They can also be attractive for high-earning employees or directors who have substantial pension funds and don’t want their benefits to form part of their lifetime allowance, and for members of group life schemes who want to top up their benefits. It can be arranged to provide a lump sum if the employee dies or is diagnosed with a terminal illness. Our plans come with Helping...
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Permanent Total Disability How will you pay bills or expenses if you become ill or injured in an accident and unable to work because you have become permanently and totally disabled? EuroLife’s Permanent Total Disability benefit allows you to rest assured in case the unexpected happens and you cannot practice your profession, or another profession or occupation that is relevant to your education, training or experience. The sum insured is paid in twelve quarterly installments starting after six months of waiting. Individuals aged 18 to 55 or 60 depending on the age on which the coverage ends. The duration of coverage is selected by the client It remains in force until the age 60 or 65, or...
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The lack of understanding or interest in finance and money management, is often a major deterrent to financial planning. People are typically comfortable with commonly understood options, such as fixed deposits (FDs), mutual funds (MFs) and equity markets. Those in their post-earning years prefer the safety of FDs, as the fear of not being able to recover their investment lowers their risk appetite. However, there is an under explored alternative that assures security along with long-term returns. Add to these, an additional component of lifelong coverage, and you have the option of whole life insurance plans. Whole life insurance plans come with an additional benefit of low maintenance....
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Relevant life insurance is a cost-effective way to set up individual death-in-service benefits for staff in companies that are too small to consider setting up a full group protection schemes. The business takes out the plan on the life of an employee, with instances of director-level employees taking out cover for themselves. The cover can be tailored to your specific requirements. What is relevant life insurance? A Relevant Life Plan offers a cost-effective way for an employer to arrange term assurance on the life of an employee, including directors. It's designed to pay a lump sum benefit payable to the employee’s family if the person covered dies or is diagnosed with a terminal...
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An exclusive life insurance scheme for our payroll clients Price Bailey is rolling out access to PB Life Plan, a life insurance scheme for all of our payroll clients with three or more members of staff, providing your employees’ families with financial security when they need it the most. We know how important it is for us to provide for our families for the future. The peace of mind that comes with knowing that loved ones will be provided for in the event of an untimely death is one of the simplest, but most highly-valued employee benefits that a company can offer its staff. What is PB Life Plan? With PB Life Plan, each employee will be covered for £100,000 as a lump sum benefit and...
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A short guide to relevant life plans What impact would there be for your business if a key employee were to die or become suddenly unable to work? Damian Youell takes a look at how relevant life plans can save your company cash. What is a relevant life plan? A relevant life plan is insurance for an employee in case of death in service. It’s a plan paid into by the employer, which is designed to pay a lump sum if the employee dies or is diagnosed with a terminal illness. “Very few people have heard of the plan, so the uptake of the policy is very small compared to the number of people who could benefit and save” Who should consider these policies? Directors wishing to...
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For each of our neighbors in Texas, the right life insurance will be unique and dependent on personal and financial needs. As your life changes, your life insurance coverage may need to change in order to adapt to your current needs. Some life transformations that may require a policy “tune-up” include: • You recently married or divorced • You have a new child or grandchild • You have opened or expanded a business • Your health or your spouse’s health has deteriorated • You are providing care or financial assistance to a parent • Your child or grandchild requires assistance or long-term care • You recently purchased a new home • You are planning for a child or grandchild’s education • You...
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Specialists in Protecting and Stretching your Retirement Money! Our goal at Life Planning Insurance is to help you protect and stretch your retirement money so that it can last throughout your lifetime. It is vitally important in today’s volatile market that you understand your choices for protecting your life savings from being depleted and that you do not run out of money during your retirement years! Most of us are aware of the importance of having health coverage, and at Life Planning Insurance we can certainly help you with choosing the right Medicare plan that best fits your needs (or Individual Insurance if you are not yet 65 years of age). But protecting your money goes...
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Life Insurance Overview Similar to other types of insurance, life insurance helps plan for your loved ones in the event of the incident – in this case, death. Life insurance is completely different in that it is based on “when”, and not “if” occurrence, thus making life insurance products more complex. This fundamental difference is what makes life insurance more like a financial product. Complexities aside, life insurance offers peace of mind regarding the financial future of those that depend on you, and can be a part of your overall legacy. Benefits can range from covering funeral costs to paying for higher education for your children and mortgages. Understanding your insurance coverage...
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What is Insurance Planning? Insurance planning is a type of risk management that aims to protect against potential loss. Adequate insurance from a trusted insurance company guards against risk and guarantees you financial protection in the case of unexpected loss or losses. The Two Types of Insurance: Gen eral: This type comprises any insurance that is non-life and is thus often referred to as non-life insurance. General insurance guarantees economic protection in specific areas that include (but are not limited to) home car, and travel. Li fe: This is a form of economic protection in the case of loss of life- or in some cases- terminal or critical illness. The listed beneficiary or...
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