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Do you really need to protect your income? 
We naturally protect a lot of things (cars, houses, possessions, pets) but often forget about the most important thing of all that funds the things we love in life – and that’s our regular income.

Use this budget planner to make a note of your monthly outgoings.

Mortgage repayment or rent - - - - - - - - - - - £
Household bills (council tax, utility bills) - - - - £
Supermarket bills (food, drink) - - - - - - - - - - £
Telephone (landline, mobile) - - - - - - - - - - - £
TV licence/Satellite/Cable - - - - - - - - - - - - - £
Travelling costs (fuel, MOT, tax) - - - - - - - - £
Insurance (car, home, contents) - - - - - - - - £
Clothing - - - - - - - - - - - - - - - - - - - - - - - - - £
Childcare or school fees - - - - - - - - - - - - - £
Credit cards or loan repayment - - - - - - - - - £
Pension - - - - - - - - - - - - - - - - - - - - - - - - - £
Savings (regular, holiday, rainy day) - - - - - £
Other - - - - - - - - - - - - - - - - - - - - - - - - - - £

The state will help, but could you survive on less than £100 a week?

If the worst happened, many people think they could rely on their savings, their employer or the State, but is it really enough?

Now you know how much your monthly outgoings come to, have a look and see how much you may actually receive from your employer or the state. You might be surprised to find there’s quite a difference:

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Weekly Amount - - - - - - - - - Monthly Amount - -

Employer
Statutory Sick Pay (up to 28 weeks)* - - - - - - - - - - - - - - - - £79.15 - - - - - - - - - - - - - - - £316.16 - - - - -

State
Employment & Support Allowance - - - - - - - - - - - - - - - - - - £91.40** - - - - - - - - - - - - - - £365.60 - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
*Your employer may pay more than this under a company sick pay scheme
**Based on a single person aged over 25 in the Work Related Activity Group


So, if the worst happened to you, would it really be enough for you to survive on? How would you make up the difference?

An income protection policy could help give you some peace of mind. Put simply it works when you can’t.

It will pay you a monthly income if you can’t work because of long term sickness or accident which you can use to pay your bills and living expenses until you recover and are ready to go back to work.

These types of policies have no cash in value at any time. If you stop paying your premiums your cover may stop.

To find out more and to get a no obligation quote please contact us .


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Congratulations to all you quitters! 
If you quit smoking more than 12 months ago then read on…

Along with the many benefits quitting smoking has on your health it may also have additional finanical benefits you may not have thought of.

If you have a life insurance policy that was set up when you were a smoker, you will be paying ‘smoker rates’.

If you quit smoking more than 12 months ago you may be able to reduce the monthly premiums you are currently paying by taking out a new policy based on ‘non-smoker rates’. Once the new policy is in place you can simply cancel your existing policy.

Here’s a typical example:

James took out a 20-year, level term, life insurance policy when he was a 40 year old smoker, two years ago. He is currently paying a premium of £19.68 a month.

He quit smoking 18 months ago and even though he is now two years older, he can get the same cover for the remaining 18 years, for just £12.29 a month... a saving of £7.39 a month (£1,596 over the remaining term!).

If you would like us to provide you with a no obligations quote based on your current circumstances please contact us.

For further information on life insurance visit our life insurance page.

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What is Business Protection? 
Research suggests that just 4% of business owners have Business Protection cover in place even though:

* 69% say losing a key individual would have the biggest impact on their business.
* 29% say they would cease trading within 3 months – and 44% within a year.
* 47% have nothing in place to establish what would happen in the event of the death of a business owner.

Death of a Business Partner

On the death of one of the partners in a firm, the beneficiaries of that partner (usually a spouse or family member) may wish to withdraw his/her share of the partnership’s value. This can cause problems for the remaining partners because it might mean that they will have to sell partnership assets to pay the deceased partners family. One solution would be for the partners to insure against the death of each partner – in order to buy out their share.

Death of a Key Employee

The death of an important employee, especially in a small company, may have a devastating effect on a company’s profits. A company may wish to insure against the death of such key employees.

Death of a small Business Shareholder

Small businesses usually have a small number of share holders (often family members, relatives or friends). Surviving shareholders in a small business will probably thus want to buy shares of a deceased shareholder to prevent the shares from going out of the close circle of existing shareholders.

Business Protection helps businesses carry on trading if a key member of staff, shareholder or director dies or contracts a critical illness during the term of the plan.

Contact us if you want to ensure that your business is fully protected.

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