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There
is so much pressure now on every day life and the importance
attached by society to improve standards, that people are
borrowing money in order to maintain their standards of living.
What would happen if you were either unable to provide for
your family, due to an unexpected illness or accident, or
if you were to pass away? Who would pay the bills or the mortgage?
The thought
is horrifying, you cannot determine what may happen to you
but for a nominal cost you could provide for your family in
the event that you were not here to provide for them.
Life
Assurance & Protection
Insurance cover against death or disability can be excellent
value for money, especially when it is arranged with competitive
companies. At ASC Financial Management we can provide you
with the cover for your needs. If you are a company, even
more competitive terms and flexible conditions are available.
Please take a look at the table below for a sample comparison
of rates for life cover:-
A
sample comparison of rates for life cover *
| Prepared
for: |
Mr
A N Example |
Male,
non smoker, 30 nb |
| Premium: |
£10.00
payable monthly |
|
| Exact
term: |
20
years |
|
| Selected
Company |
Sum
Assured £ |
Monthly
Premium £ |
Term
of Cover |
Number
of Premiums |
Type
of Premium |
| Company
A |
146,637 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
B |
141,509 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
C |
125,901 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
D |
125,000 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
E |
124,218 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
F |
122,939 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
G |
121,739 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
H |
116,300 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
I |
114,285 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
J |
113,592 |
10.00 |
20
years |
240 |
Guaranteed |
| Company
K |
80,660 |
10.00 |
20
years |
240 |
Guaranteed |
*
Produced
using The Common Trading Platform 29/11/00.
NB the comparison quote notes above apply to Term Assurance
only.
Critical
Illness
This is a policy that provides financial protection if you
suffer from a critical illness or become disabled. It is similar
to life assurance except that you do not need to die to receive
the benefits.
We can
help you select the most competitive provider and the correct
level of cover for your personal circumstances.
Why is
Critical Illness such a good idea? Many people survive cancer,
strokes and heart attacks. An examination of the U.K. statistics
shows that around 250,000 people per year are diagnosed with
cancer*. Half of them are still alive a year later. Over 330,000
people per year suffer a heart attack and 75% of men under
45 who have a heart attack will survive 3 years or more**.
100,000 people per year suffer a stroke and 75,000 will still
be alive a year later***. This is why Critical Illness is
such a good idea, it need not mean the end of the road. You
get the lump sum when you need it most.
Income
protection
This product provides an income replacement for any one unable
to work for a prolonged period through illness or accident.
This income is regular and guaranteed on acceptance of a claim,
and is payable for as long as you are off work or until the
end of the term - usually until your retirement age. It can
sometimes be more efficient, cost effective and certainly
convenient to combine all 3 of the products discussed. This
is where we can help and provide you with the specialist guidance
that you need. So, for your peace of mind, please
call us now or complete our enquiry
form.
* Source
- Imperial Cancer Research Fund, 1997.
**
Source
- OPCS
1/96, The British Heart Foundation, 1997, & OPCS Morbidity
Statistics.
*** Source
- OPCS
1/96, The British Heart Foundation, 1997, & OPCS Morbidity
Statistics.
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are regulated by the Financial Services Authority for investment
business. |
