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Financial Advisers > Financial Advisers In > Financial Advisers By Area > Berkshire Financial Advisers > Protection & Investment

Protection & Investment

Protection & Investment
Address: 9 Toseland Way
Lower Earley
Reading
Berkshire
Postcode: RG6 7YA
Email: paul.janes@pil.uk.com
Telephone: 0118 935 1770
Website: http://www.pil.uk.com/
Financial Advisors By Type: Pensions Advice, Mortgage Advice, Life Insurance Advice, Health Insurance Advice
Financial Advisors By Area: Berkshire Financial Advisers
Financial Advisors By City: Financial Advisers In Reading
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Description
Protection & Investment Ltd was formed in 1999. As Independent Financial Advisors our sole purpose is to provide top quality impartial financial advice.

We believe that in order for our business to prosper, our clients have to prosper.

We'll listen to what you want from your future and we'll help you identify the financial products that will help you achieve it.

We'll search the market place to deliver them to you as cost effectively as possible.

Our reports enable our clients, often for the first time, easy access to their financial planning and help them to understand precisely what has been achieved, and what remains to be done.

Protection/insurance

This is a wide ranging category of financial planning, and includes healthcare, life cover, "key person" policies, and critical illness cover. Some of the more common areas of interest are explained below.

Life insurance

There are many times in your life that you need life insurance and it can take many different forms:

term policies

These are policies where the insurer is taking a gamble that you will not die within the "term" or duration of cover. If you die within the term, the insurer pays out - if you do not, the insurer keeps the premiums and gives you nothing at the end of the term (just like car insurance). There are two types of term: one which pays out a lump sum on death, and one which pays out a monthly amount from the time of death until the end of the term. The cover can be level, indexed or decreasing. You can add options to renew or increase the policy.

The main uses are lump sum - usually used as cover for a loan or mortgage repayment, and monthly income - used as family protection to ensure your dependants are provided for.

whole of life

The gamble is different here, because we all know we are going to die, we just don't know when! The insurer is gambling that they can get enough premiums from you so that the premiums and the interest/growth on them will equal or better the amount of money (sum assured) they must pay out when you die. Most whole of life policies pay out a lump sum on death, and their main attraction is the fact that it will pay out at some stage.

The main uses are general protection, and paying inheritance tax.

Critical illness cover

Life insurance pays out on death, and of course the definition of death is quite clear. For Critical Illness, however, definitions become very much more important. For instance, most insurers cover blindness and heart bypass within their Critical Illness policies, but to varying extents. This is not unusual, and is important because of questions about the nature of the illness in question - for example, when are you blind?
  • when you can no longer read even with spectacles?
  • when you are legally blind?
  • when you can't distinguish light from dark?
  • when you can see absolutely nothing?

There are various definitions in use at present but your life would be affected long before you could see absolutely nothing. Similarly, heart bypass conditions vary from one heart value to four heart values needing to be bypassed before a claim is paid out.

The concept is simple: you are three times more likely to have a critical illness than you are to die. These policies are designed to pay out if you suffer from a critical illness. You do not have to die to benefit! Policies can be written as "stand alone" or tacked on to term or whole of life policies. These policies are excellent for single people and very good for everyone.


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