Insurance
At Entrust Financial Solutions, we understand that planning for unexpected events can be complex.
Our goal is to simplify this process for you, offering guidance that helps bring clarity and confidence to your financial future. By reaching out to us, you’ll receive personalised support every step of the way, ensuring you make informed decisions that protect you and your loved ones. With a dedicated point of contact, you’ll always have someone focused on your best interests.
Please note: This website offers general technical information and guidance and should not be considered personalised financial advice or recommendations.
Life & Protection Insurance
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Life insurance is important, especially if you have dependents. It can pay off your mortgage and support your family if you die unexpectedly.
To decide how much coverage you need, think about your income, debts, and expenses. If you have no dependents or don’t mind your property going to the bank, you might not need life insurance.
Level term insurance pays a set amount if you die within a fixed time, like 18 years. This helps protect your family financially. When choosing coverage, consider your debts and the lifestyle you want your dependents to have. Also, think about how long you need coverage — usually until kids finish school or your partner retires.
Premiums depend on your age, health, job, and smoking habits. Longer terms cost more. Couples can choose joint or separate policies, with single plans sometimes being cheaper.
The payout from life insurance becomes part of your estate, which may affect inheritance tax. To avoid this, you can place the policy in a trust so the money goes directly to your beneficiaries, often at no extra cost.
Term life insurance has no cash value and ends when the term finishes. If you stop paying premiums, the coverage stops too.
At Entrust Financial Solutions, we prioritise your financial well-being by providing tailored strategies designed to meet your unique goals. Our experienced team is committed to guiding you through every stage of your financial journey with clarity and professionalism. We offer comprehensive services, from investment management to retirement planning, ensuring that your financial future is secure and aligned with your ambitions. Trust Entrust Financial Solutions to be your dedicated partner in achieving long-term financial success.
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Mortgage Protection insurance provides financial security by covering your mortgage balance if you pass away during the policy term.
At Entrust Financial Solutions, we recommend considering this protection when arranging your mortgage, particularly if you have dependents who rely on your income.
The cost of Mortgage Protection varies based on factors including the mortgage amount, term length, your age, and smoking status. If you quit smoking, it’s advisable to request a new quote, as you may qualify for a lower premium. Additionally, placing the policy in trust can help avoid inheritance tax on the payout.
Contact Entrust Financial Solutions for personalised advice and support to identify the most suitable coverage for your circumstances.
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Income Protection Insurance is designed to help safeguard your family’s financial future by replacing a portion of your income if you become unable to work due to illness or injury.
At Entrust Financial Solutions, we emphasise the importance of considering this coverage, especially for those with dependents or self-employed individuals who may have limited sick pay options.
The cost of Income Protection Insurance depends on factors such as the deferment period and your occupation. Opting for a longer deferment period typically reduces the premium cost, and having greater savings can also help make the policy more affordable. It’s important to understand that these policies generally have a benefit period ranging from 12 to 24 months, while long-term plans can provide payments for as long as you remain unable to work or until death.
Please note, Income Protection Insurance policies do not build up any cash value and will end once the agreed term expires. Additionally, if premium payments are not maintained, coverage will lapse, leaving you unprotected. Entrust Financial Solutions is committed to helping you choose a plan that aligns with your needs and financial situation.
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At Entrust Financial Solutions, we recognise the value of critical illness insurance as a key component of your financial protection strategy.
This coverage provides a lump sum or regular payments upon diagnosis of specified illnesses, helping to manage expenses associated with lifestyle changes—such as home modifications or mortgage payments.
Whether you have dependents or not, critical illness insurance can serve as an essential safety net. We advise reviewing your policy documents carefully to understand the specific illnesses covered. This type of insurance is particularly beneficial if you carry debt like a mortgage, although it’s important to balance the cost of premiums against what you might be able to cover through your savings.
Some plans also offer combined coverage options, including life insurance or protection against total and permanent disability, providing broader financial security. At Entrust Financial Solutions, we’re here to help you evaluate your needs and find the coverage that best fits your situation.
Business Protection
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At Entrust Financial Solutions, we recognise Key Person Insurance as a vital component of comprehensive business protection.
This insurance is designed for small to medium-sized enterprises to safeguard against financial setbacks that may arise from the death or incapacitation of a critical individual—such as a director or a valuable employee—whose contribution is essential to the business’s success.
The primary purpose of Key Person Insurance is to help preserve profits and ensure business continuity during challenging times. It provides a predetermined monetary payout as outlined in the policy, rather than reimbursing actual financial losses.
When establishing the sum assured, it is crucial to carefully evaluate the potential tax implications to align the policy with your business’s financial strategy effectively. Entrust Financial Solutions is committed to guiding businesses through these considerations to optimise protection and stability.
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At Entrust Financial Solutions, we understand the importance of securing your business against unforeseen events involving your partners.
Partnership Protection is designed to provide a vital safety net, ensuring your business continues seamlessly if a partner passes away or faces a serious illness.
This protection typically includes life insurance to fund the purchase of the deceased partner’s share, legally binding agreements and trusts to maintain the partnership structure, and provisions for partners who retire or become unable to work. By implementing Partnership Protection, you safeguard your business interests, support ongoing prosperity, and avoid the need to liquidate assets to settle a departing partner’s stake.
For any business partnership, having this protection in place is crucial to ensure that all partners and the business remain protected against unexpected circumstances. Entrust Financial Solutions is here to help you navigate these important considerations and secure your business’s future.
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At Entrust Financial Solutions, we understand that Shareholder Protection is essential for safeguarding your business against unforeseen events.
It provides a vital safety net if a shareholder passes away or faces a critical illness, ensuring your company remains stable and operational.
For many business owners, managing a company is a demanding and intricate endeavor. However, it is crucial to plan ahead—especially for private limited companies with a limited number of key shareholders. By securing the appropriate insurance coverage, you can guarantee that sufficient funds are available to manage the buyout of a deceased or critically ill shareholder’s shares. This allows the business to continue running smoothly while fairly compensating the departing shareholder or their beneficiaries.
Key advantages of Shareholder Protection include:
Facilitating the orderly transfer of shares to surviving shareholders or the company at a fair commercial value
Establishing insurance policies to fund the purchase of shares
Preserving funds earmarked for other business needs
Preventing shares from being acquired by unwanted parties or competitors
Supporting ongoing business stability and continuity
Maintaining the trust of employees and customers
Keep in mind that tax implications vary based on individual circumstances and may change over time. We recommend consulting with your financial advisor or local tax authority to ensure your Shareholder Protection strategy is optimally structured.
Get in Touch
For expert, personalised mortgage advice, contact Entrust Financial Solutions. Our experienced team will guide you every step, helping you make confident, informed decisions. Start your journey to the right mortgage with us today.