Client
         Testimonials

    Directors and

         Partnerships

    Other Services

    Protection

    Retirement
         Options

    Savings and
         Investments

    Saving For
         Retirement

    Tax Planning

    Understanding
         Risk

    Contact Us

.
Protection

Winston Churchill once wrote - "if I had my way I would write the word INSURANCE above the door of every public man because I am convinced for sacrifices inconceivably small, families and estates can be protected against catastrophes, which may otherwise wipe them out forever. It is our duty to address this ghastly waste"

Overview
It would not be practical to cover this subject in detail herein. Our aim is to simply provide an overview and a few situations for you to think about. The chances of something happening to you, a loved-one or a business partner are far greater than you might think.

Life Assurance
Life assurance is designed to pay a specified amount of money (the sum assured) in the event of death. In the UK a large proportion of people own their own home, typically when purchasing a property a mortgage or loan is arranged. Life assurance is usually taken out to repay the mortgage; this is probably the first experience for most people when considering assurance cover. Even if you have a mortgage protection policy, it is highly unlikely that this is sufficient on its own; indeed I would suggest that this is only the starting point of someone's protection requirements. Consider the following: -

Leaving behind a family
If a breadwinner dies, bills still have to be paid, food has to be put on the table, clothes have to be bought, what about running a car? A mortgage protection policy might help however in practical terms it will only take the worry out of meeting the mortgage payments, all the other normal living expenses will still continue

If a spouse / partner has given up work to bring up children
Following their death the financial impact could be as severe as the loss of a breadwinner because the surviving spouse might need to pay a substantial amount of money for full-time child care, or reduce their earnings to stay at home

Critical illness
If an individual was diagnosed with cancer, suffered a heart attack or had been paralysed following a serious accident, the financial implications could be greater than death. Promotion prospects or the opportunity to see a rising income could be thwarted. An individual might have to consider giving up work, he or she might need care or they might need to make changes to their home such as having a chairlift installed

Loss of Income
Employed individuals unable to work through sickness or accident may lose their livelihood (or even the home) if their employer does not continue to pay their salary. An employer might pay for a short period but what about longer-term sickness or accident

For the self-employed clearly the problem is potentially greater

Private Medical
Receiving medical attention without waiting might enable an individual to get back to work sooner or help overcome a debilitating ailment / condition. Many conditions deemed as “non-urgent” could wait many months or even years for treatment on the NHS. It is known from research that the general public accept the NHS cannot continue to provide treatment for every person each time they need it

Sovereign Asset Management is a trading style of Sovereign Asset Management (Bristol) LLP, which is authorised & regulated by the Financial Services Authority; registration number 434895. Sovereign Asset Management (Bristol) LLP is registered in England & Wales, registration number OC313334. Any guidance contained within this website is subject to the UK regulatory regime; as such the content is for consumers only based in the UK. The FSA does not regulate all forms of Protection, Business Assurance or Tax Planning. Where this website offers links to any other websites, Sovereign Asset Management (Bristol) LLP have no control over the content and cannot be held responsible for the content or any material transmitted to your computer.