Business Protection

If a key person in your business were to suffer a critical illness or die, it could have a serious impact on the business in terms of stability and profitability. For this reason, many companies choose Key Person Cover, or broader life plan protection for stakeholders and other employees.

The most valuable asset to any business is its people.Without people, a company’s survival would be put at serious risk. There are a range of Business Protection options; Key Person Cover, Share & Partnership Protection and Relevant Life Cover, to offer assistance when it’s needed most. It is possible to provide financial security to both the company itself, and the family members of key employees, and there are even options to cover specified critical or terminal illnesses.

Key Person Protection/Share & Partnership protection

This is often known as “Key Person Insurance” or “Key Man Insurance”. This is a form of protection against financial loss that businesses take out, to protect against serious issues should a key member of the company die or become critically ill. Again, critical illnesses are specified on these policies. It also pays out if the key person is terminally ill, except in the last 12 months of the policy.

How does Key Person Protection Work?

Key Person Protection is a life assurance and / or critical illness cover policy taken out to cover the life of a key person within your business. The policy is owned and paid for by the employer, so any pay-out is payable to the employer rather than the key employee.

Relevant Life Cover

Relevant Life Cover is a tax-efficient life insurance policy, allowing companies to offer a death-in-service benefit to its employees (including salaried Directors). It's set up by the company and pays out a tax-free, lump sum on the death (or diagnosis of a terminal illness) of the person insured. The proceeds go directly to the employee's family or financial dependants. As a result, this is seen as arguably the most holistic and progressive option for businesses to take.

Income protection

There are a variety of types of protection you can take out to cover you and your family in the event of being unable to work due to sickness. We assess your situation, income and lifestyle for you to ensure that you get the best possible deal.

There are a variety of types of protection you can take out to cover you and your family in the event of being unable to work due to sickness. We assess your situation, income and lifestyle for you to ensure that you get the best possible deal.

Life Insurance

Every year, many families are left in dire straits due to the sudden loss of loved ones. Life & Critical illness cover can ensure financial cover if the worst should happen, while family income benefit provides regular, tax-free income that bereaved families can rely on.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been.Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been.Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been.

Savings

Through a thorough assessment of your current situation, we could help you save far more than you currently are, having a massive long-term effect. At Premier Financial, we are specialists in helping our clients plan for the future with a range of savings products and plans.

Putting a little money away regularly is the best way of saving up for expensive things, like a holiday, furniture, or a special family occasion. We can help you to form a plan for short, medium or long-term savings with a number of products that help you maximise interest and keep your finances secure.

ISAs

We can help you choose from the four different types of ISA (Cash, Stocks and Shares, Innovative Financial and Lifetime) to ensure that you maximise your tax-free advantages while keeping your money as accessible as you need it to be.

Bonds

A bond is a type of fixed-income investment in which you loan your own money to another entity for a fixed period, in return for an interest rate. As with ISAs, there are a number of different types of bonds, for which we can give you full and clear advice, to help you make the right choice for you.

Unit trusts/OEICS

Open-Ended Investment Companies (OEICs) are used as a way to invest in the stock market. Your account is managed by an industry expert in return for a fee, meaning that you maximise your potential while minimising your own work.

Investments

There are a huge amount of investment opportunities for those who wish to build a portfolio and generate some return. We can advise on a range of products, including ISAs, investment bonds, structured products, ETFs and OEICS, while helping to ensure that your risks are kept within acceptable levels which are matched to your income and savings.

There are a huge amount of investment opportunities for those who wish to build a portfolio and generate some return. We can advise on a range of products, including ISAs, investment bonds, structured products, ETFs and OEICS, while helping to ensure that your risks are kept within acceptable levels which are matched to your income and savings.

Pensions

We don’t just help advise on pension packages and levels of risk; we can help you set up Self-Invested Personal Pensions (SIPPs), diversify your savings options and set out a plan for your retirement.

aboutknow

Premier Financial Ltd tailor pensions to your particular needs, so whether you are young and looking to start saving for retirement, already have a pension and feel it is invested in the wrong place or you or are already retired and looking at your pension options, we will provide a bespoke tailored service for you. We offer a wide range of pension advice for all kinds of clients. We offer a whole-of-market service to all our customers. We charge a fee for our services, so we are not biased towards or against any particular provider. We can arrange to meet with you either in your home in the UK, or at our Nottingham office. Here are some of the pension products we discuss and advise our clients on.

Personal pensions

If you aren’t in a company pension scheme because it’s either not offered by your company, or because you’re self-employed, you may wish to set up a personal pension. Alternatively, you may wish to set up a personal pension on top of your existing company pension. Either way, this will involve regular payments to a pension provider, who invest your money on your behalf. As a result, it is important that personal pensions are monitored closely.

Stakeholder pensions

A stakeholder pension is a type of personal pension that limits choice. Minimum contributions are flexible, charges are capped and there is a single investment strategy, meaning that this is often a popular choice with those who wish to keep it simple and transparent.

SIPPs

SIPP stands for Self-Invested Personal Pension. This is a more hands-on option than a stakeholder pension, allowing you the freedom to choose your own investments and control the progress of your pension pot through an online platform.

Drawdown

A drawdown pension allows withdrawals of up to 25%, tax free, whenever you move money into the pot. As a result, this is a popular choice with people who may needs greater control over and access to their pension funds.

Annuity

An annuity is an insurance policy which provides guaranteed income for a set number of years. You buy an annuity with your pension pot – up to 75% – while receiving the other 25% as tax-free cash.

Auto enrolment schemes

Auto enrolment schemes ensure that employers enrol you in a pension when you commence your contract of employment, and that they pay into it. This can be useful, as companies sometimes make it difficult for you to apply in the first place.