Most of us think about life insurance as death cover – money paid out to the life insured’s nearest and dearest when they die. But in reality life insurance is much more than this. There are many other illness and injury related risks we all face, ranging from minor conditions that leave us unable to work for a few weeks or months, through to critical illnesses such as heart attack, cancer and stroke, or disablement so severe you are unable to work ever again.

Life insurance plans aim to protect you and those closest to you from the financial effects of these risks. Whether you’re looking to pay off the mortgage if you die, or provide financial support for your family if you’re too ill to work, our Advisors can guide you to the most suitable insurance plan you require. And with the right life insurance in place, your loved ones won’t have to worry about money when money is the last thing they want to worry about.


Business protection is a way of helping to protect against possible financial losses in the event of the death or critical illness of a business owner or key individual, during the length of the policy. It can also pay out if the life assured becomes terminally ill. It can help ensure that your business survives and continues trading during difficult circumstances.
To help ensure the long term financial security of your business in the event of losing key people to death, terminal or critical illness, speak to us today to find out how we can help.

1. Key Person Protection – help safeguard your business against the financial effects of the loss of a key person
2. Business Loan Protection – helps pay an outstanding overdraft, loan or commercial mortgage against the loss of the guarantor
3. Share Protection – helps partners, directors and members buy a deceased persons share of the business.

Read our Business Protection Overview


There are two main types of life insurance: term insurance and whole-of-life assurance.
Term insurance is the most popular and pays out a regular income or lump sum if you die within the policy term. It’s called ‘insurance’ because you’re taking out insurance against something that might happen during a certain period.
Whole-of-life assurance is different because your family can make a claim whenever you die. In other words, a claim is assured, hence the name, and the policy is guaranteed to pay out at that point, whenever it might be.


Help safeguard your family paying too much inheritance tax (IHT). You’ve spent years building a better life for your family but your assets could be at risk. Without a proper plan IHT could take up to 40% of your estate. At Prosperity you’ll learn proven strategies to help minimise IHT and protect what you’ve earned. This is your chance to learn what the taxman doesn’t want you to know.


Many people erroneously think that their estate will automatically go to the family when they die. This isn’t necessarily the case, for example, an unmarried partner will be entitled to nothing. If no Will exists the deceased estate will be split up according to strict guidelines as laid down in the Administrations of Estates Act. This means that specified relatives only get a defined share, not necessary in line with how the deceased would like their estate shared out. This leads to long, complex and upsetting legal wrangles – the last thing anyone would have wanted.
Many people don’t realise what is taken to be their estate and what this could amount to. They fail to appreciate that it takes everything into account (e.g. cash, property, savings, shares, jewellery etc). With rising property prices and other values it’s very easy to surpass the current inheritance tax threshold of £325,000 (as at 1st April 2014). Any amount in excess of this figure is taxed at 40%.
The four basic elements of estate planning:

1. Making a Will (the cornerstone of any plan)
2. Utilising your exemptions (e.g. Annual allowance, Gifts Out of Income, Potential Exempt Transfers)
3. Tax and trust planning – creation of trusts whilst still alive is one of the ways that IHT can be minimised.
4. Life insurance – proper insurance means family are provided for and secure after a person’s death, also potentially providing a larger inheritance for children and grandchildren.

To speak to us about how we can help you protect your wealth, family or business please Contact Us.

Please note that Tax Planning, Trusts and Will Writing are not regulated by the Financial Conduct Authority.