Protection
It is easy to think ‘it will never happen to me’, but financially protecting yourself, your family, your mortgage or your business is at the heart of sound financial planning. At Westminster Wealth Management, we know that providing a bespoke safety net can really make a difference if the worst does happen. It’s part of our holistic approach to wealth management – financial provision for the future and financial protection insurance to cover unforeseen eventualities in the period until you become financially independent.
Undoubtedly the most effective financial planning is the type that generates the right amount of capital or income when it is needed most. As such, insurance should be a part of everyday life, yet frequently when asset protection is not a legal requirement but only a sensible solution, the risk is left inadequately insured or possibly even completely uninsured. To mitigate this, we advise our clients to consider the most significant risks and to take action as required.
As a result of our whole-of-market status, we are able to source the most appropriate and cost-effective insurance solutions available. Then, once the contract has been successfully underwritten, we ensure it is placed in the most appropriate trust, meaning the benefits are paid without delay and in the most tax efficient manner - a vital step all too frequently omitted.
As members of the Association of Medical Insurers and Intermediaries, we also have in-house expertise on Private Medical Insurance, offering advice to both companies and individuals. Furthermore, given the ever-changing marketplace, we ensure we review this cover on an annual basis.
Our Protection Services include:
• Life insurance
• Relevant Life cover
• Critical illness cover
• Mortgage protection
• Family income benefit
• Private Medical Insurance
• Inheritance Tax Cover
• Key Person insurance
• Shareholder and Partnership protection
• Group Insurances
The personal information disclosed will be treated as confidential and held in accordance with the Data Protection Act.
The Financial Conduct Authority does not regulate tax advice, trusts or estate planning.
“I have benefited from the excellent financial advice provided by Patrick for the better part of the last 20 years. He has a great knack for providing inherently complex advice in a clear and readily-understandable way. I have always had complete trust that the proposals he has made are very much in mine and my family’s interests. And, last but not least, he makes the whole experience of parting with one’s immediate hard-earned money to provide some often distant and remote return a relatively enjoyable experience which has to be counted as a remarkable talent.”