Life Assurance (Corporate & Personal)
The living have the right to a choice of where they live, how they dress, and to a reasonable lifestyle. Companies should be able to continue in existence, and to keep on employing people.
Imagine a man or woman whose earnings enable a mortgage to be paid. The earnings that pay for the gas, the electricity, the telephone, for holidays, repairs to the house, the furniture and the car.
Imagine too, that this same person runs a company, employing people. Imagine that he provides personal guarantees to his bank for a loan and overdraft facilities. Perhaps he has unique skills or personal qualities.
IMAGINE WHAT HAPPENS WHEN HE CAN'T COME TO WORK ANYMORE?
We have it within our power to provide contingency funds to protect dependents, or Companies, or colleagues in business, from financial stress if the ability to earn is hampered through sickness or accidents, or if earnings cease because somebody dies. We can provide money to surviving partners to buy a colleague's shareholding, and to provide his widow with money, rather than with shares in a business she doesn't understand, and doesn't want to understand.
The average Life Insurance Policy in the U.K. would provide income for a widow for less than a year.
One third of the adult population have no cover at all.
Only about 10% have Life Insurance of more than £30,000.
We, the Insurance Industry, are the only people who can provide money when it is most needed. Our business is providing money if you live too long, die too soon, or if you are disabled through sickness or accident.
No other professional adviser provides such advice and products. Some will have good savings and investment ideas, and when somebody dies there are a lot of people who will provide sympathy, but some will provide a bill.
We can provide money, and the ability for the living to live on, in the way the breadwinner would have wanted.