Why Life Assurance?

The main reason to have Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners. It provides the reassurance of financial protection.

A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.

There are different types of life assurance such as, Term Assurance, Family Income Benefit, Whole of Life, Endowment policies and others. The concept of Life Assurance may seem straight forward however there are some complexities. It is important that the right choice is made and that the product is tailored to suit your needs. We consider this to be important otherwise you could be paying too much or the cover is not arranged correctly.

Premiums are normally paid to the insurance company either monthly or annually for a fixed period of time or in some cases, until death.

Please be aware that these types of assurance will include an assessment of health.

We can help you find the most suitable and cost effective solution that meets your needs and gives you flexibility for the future.

Some of these plans will have no cash in value at any time. If they are for a specific term, they will cease at the end of the term. If premiums are not maintained, then cover will lapse.

If you would like to learn more about our services then please contact us.
Call us on 0131 524 8147 or Email: info@fergusonifa.com

Savings & Investments

Since there are so many different types of savings and investments, it is wise to seek expert advice which can be tailored to suit your own circumstances. Paying too much in tax or charges can seriously reduce your returns.

The value of investments and income from them can go down. You may not get back the original amount invested.

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Pensions

Saving for retirement can be confusing. There are many options and it is important that the right one or even a combination of options is chosen correctly. The major changes announced in the 2014 budget to the way in which pension benefits can be taken certainly offer more flexibility however it is now more important than ever that the right choices are made . Flexibility only applies where the scheme rules allow and there may be tax consequences to consider.

A Pension is a long term investment the fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

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Wealth Management

Once you have money it’s important that you protect it against the potential threats of taxation, inflation and investment risk. We can help you ensure that you are making the most of tax efficient solutions and have an investment structure which is efficient.

Tax treatment is based on individual circumstances and may be subject to change in the future. The Financial Conduct Authority does not regulate tax planning.

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Taxation

Understanding taxation means that you will be better prepared to ensure that your finances are arranged in a way that will save you money. If you take action and review your tax affairs you may be able to reduce the amount of tax you have to pay.

Tax treatment is based on individual circumstances and may be subject to change in the future. The Financial Conduct Authority does not regulate tax planning.

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Health Insurance

Health Insurance is probably one of the most important types of insurance you can arrange. Without it, an illness or accident can have serious long-term financial implications for you and your family.

Critical illness plans have no cash in value at any time and will cease at the end of the term. If you stop paying your premiums your cover may end.
Plans may not cover all the definitions of a critical illness. The definitions vary between product providers and will be described in the key features document if you go ahead with a plan.

Income protection plans that have no investment link have no cash in value at any time and will cease at the end of the term. If you stop paying your premiums your cover may end.

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