Financial Protection Services

Life Assurance

It’s unwise to leave the important things in life to chance, so it makes sense to ensure the people you care about are provided for should something happen to you. Having adequate life assurance will give your family the financial security of receiving a lump sum should you die.

Money that may be needed to pay off a mortgage or other debts, or a continuing monthly income which can provide Guardianship Cover to provide funds to care for your children or dependant loved ones for a term you can specify to suit your needs. At Vereco Financial Protection we can give you tailored advice to match your personal circumstances, so you can be sure your family is looked after as you would wish.

It is designed to typically protect between 50% - 70% of your gross salary, if you are unable to work due to accident or sickness.

With various levels of protection available, we can tailor the amount of monthly benefit you require – determined as a percentage of your income and the period you want to cover. Flexible options are available for various levels of cover and industry. We can help anyone to augment their employer sick pay, with excellent options available for Teachers and those in the NHS, but we particularly specialise in helping self-employed, freelancers, contractors & Company Directors give themselves ‘sick pay’ through a good Income Protection plan. Contact Vereco Financial Protection today and we can help you weave your own safety net.

Many providers also offer additional cover for specified less-advanced illnesses such as certain early stage cancers, giving payouts of approximately 25% of your plan without affecting the main sum. A real help at a time you would need it. Another area we can advise you on is the range of cover available to protect your family in what is sadly, the third most common cause of claims for this kind of protection – Children’s Critical Illness Cover, options are extensive but very affordable, we can help you navigate the many variations available.

Exact conditions covered will vary depending on the policy you choose, which will be detailed in the policy documents. Get in touch with Vereco Financial Protection today for more information on this type of protection.

Our mortgage protection advice helps to ensure ongoing payments are made if you are ever unable to work, become critically ill or pass away, giving you and your family the stability you need when you are expected to meet mortgage payments.

Pleast note: all of the above can obviously apply if you are renting your home, the sad fact is that an illness or death impacting affordability can result in termination of a tenancy even quicker than repossession in many cases. Please contact Vereco Financial Protection for advice on methods of protection against losing your home.

Small Business Insurance

According to the Financial Times, a record number of new small businesses were launched in the UK during 2017. Typically, the success of a start-up relies on a handful of people – usually the owner and perhaps one or two other people.

Key Man Insurance is a life assurance policy taken out by a company on its key employees and is designed to ensure the business can survive should that individual die.

We work with our insurance providers to offer affordable, tailored Key Man insurance so that your company can survive the death of someone integral to its success. We can also advise you on Relevant Life Plans offering Company Directors and selected employees a ‘Death In Service’ type Life Insurance paid for by the company, thereby offering savings to small business owners, for this and many other Business Protection Solutions please contact Vereco Financial Protection today.