Impartial Financial Planners | IFA | Fee Based | Dentists | Doctors
Providing fee based impartial financial planning services, serving dentists & medics throughout the UK
Q. I have been meaning to get around to taking out a life insurance policy. As a married man with a non working wife and 3 young children, it concerns me that my protection is not enough. My question is, really, how much do I need? A friend’s financial adviser recommends you take out 10 times [...]
Q. I’m looking to purchase life cover and critical illness cover. How often do insurers wrongly turn genuine claims down? A. This is a great question as some people’s perception is that insurance companies set out to try and turn down claims whenever possible. Let’s look at some numbers… In 2007 and 2008 (combined) there were [...]
A post by Ray Prince, Certified Financial Planner Ray Prince has worked as a Financial Planner since 1994 and specialises advising medics and dentists throughout the UK. His passion is working with and helping clients who want an unbiased view as to how they can achieve their lifestyle and financial goals and objectives. To find [...]
In line with the trends of the last 3-4 years, many insurance companies have announced their claims statistics for critical illness cover. As a brief reminder, the idea with critical illness cover is that it will pay out a lump sum (usually) in the event of diagnosis of a number of serious illnesses. Critical illness [...]
Q. I’m thinking about applying for some critical illness cover. I’m in two minds about it as I have life assurance and income protection. I see that most plans cover a number of conditions. What figures are available for the claims paid out for these companies? I want to know that they actually honour their commitments [...]
If you are a dentist, it’s likely that you’ve taken out income protection insurance (also referred to as permanent health insurance). In fact, you may have even claimed on your policy. During the last few years many of the leading insurers have been releasing their claim statistics for critical illness cover and income protection. This [...]
It’s not a subject any of us like to dwell upon, but cancer is a fact of modern life. The good news is that advances in treatment and medication mean that cancer is not the automatic death sentence it once was. Sometimes an even harder subject to comtemplate is children contracting cancer. The number of [...]
Any form of insurance can be seen as a risk. You pay a monthly or annual premium to an insurance company for a set amount of cover, effectively passing the risk to the insurance company. As long as you pay the premiums you’ll continue to be covered, for whatever purpose. When it comes to protecting [...]
Q. I’ve just heard that the government are considering removing the tax relief that you receive on life assurance with tax relief (or pension term assurance as it’s often referred to). What has happened? A. In his pre-budget report Gordon Brown announced that the governement ARE reviewing this. If you have this type of policy [...]
Gordon Brown has decided to review allowing life assurance with tax relief on the premiums. The government have said they are looking at this as they believe these types of policies are not being bought/sold in the spirit of what they were originally intended for. My view is that the Chancellor has once again performed [...]
