Protecting your investment and your family
Our team of Financial Advisers are able to put in place both life insurance and life assurance policies as well as buildings and contents insurance. So when the worst happens, you and your family, business or investments are protected.
Where we have helped you to buy or sell or have provided you with legal or financial advice, we will make sure our team of advisers discuss how best to manage risk in terms of your life or your property and will scour the market for the most appropriate product and ensure that you get the best terms at the right price.
Life assurance is a type of life insurance that runs indefinitely – the only reasons a life assurance policy comes to an end are that the policyholder dies or stops paying their monthly premiums, which is why it is often known as ‘whole-of-life insurance’.
Life ‘assurance’ premiums tend to be higher those for a life ‘insurance’ policy that lasts a set amount of time, say 25 years. However, life assurance can be useful for inheritance tax (IHT) planning, as there are ways to avoid paying IHT on life assurance pay-outs.
Life insurance is designed to protect your family by paying out a tax-free sum to the beneficiary or beneficiaries of your choice if you pass away during the agreed term of the policy. If you live longer than the term, the policy ends and no pay out is made.
When you take out a life insurance policy, you can choose how long it runs for and who the money goes to in the event of your death. You can also choose between three different types of cover:
The premiums you pay will depend on the type of cover you choose, as well as other factors such as your age, your lifestyle, and your medical history.
Building and contents insurance is not a legal requirement. However, most mortgage lenders will insist you have appropriate insurance in place for the term of the mortgage.
Home insurance protects your property and your belongings inside it. It is split into two parts:
You can add accidental damage for both the building and your contents cover and your quote will depend on many factors, such as the age and type property you are looking to insure and where the property is located.
The Financial Conduct Authority does not regulate most Buy to Let Mortgages
Esson & Aberdein Financial is a trading name of Moray Financial Limited with FCA Number 954875 and is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance, and general insurance products.
Moray Financial Limited has its registered Office at The Forsyth Building, 5 Renfield Street, Glasgow, Scotland, G2 5EZ and is a company registered in Scotland with Company Number SC694883.