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Take any business assurance, for example. Ask yourself if you have a cross-sell or buyout agreement set up between partners or directors, which could prove to be useless for the survivors if you do not have the cash to pay out the value of a deceased partner’s share? Everybody loses.

Under the circumstances, the surviving spouse has an asset that they cannot sell, while the surviving partners or directors, having already lost a key income generator, still have to pay a share of their often-lower profits to the survivor.

Then again, take something as basic as mortgage protection, which ensures that, if tragedy strikes, the mortgage debt is paid off so that the family can continue to live in their own home.

Appropriate financial planning and the miracle of life assurance can readily solve these problems at lower cost, and more effectively, than any other solution.

The reality is that, when tragedy strikes, it is the financial adviser who can be of help to you. They will be the one who walks in with the money to pay off debts and preserve families and businesses. The lawyers, the bankers and the accountants, for all their fancy documents, simply walk in with bills. 

One of the good things which comes with good financial advice is the ability of the Financial Adviser to provide affordable solutions to what can most-times be simple solutions that work for your family and/or your business.

Life Assurance plans typically have no cash in value at any time and cover will cease at the end of the term. If premiums stop, then the cover will cease.

We would welcome any enquiry where it can add value to you and could save on the costs as well as improve your financial position in the event of a loss of a family or business partner.

Thanks for reading and do contact me, David Rackham on 07734 1726981 or david.rackham@templewealth.co.uk and I will look forward to hearing from you.