01327 350 314
enquiries@mclayjames.co.uk

24 Brackley Road, Towcester, NN12 6DJ

Protection

It is important to provide for people who financially depend on you and protection is the best way to do this

The main types of protection are;

Level Term Assurance
Pays out a tax-free lump sum upon death within the policy term and cover can be extended to include critical illness cover and terminal illness cover.

Decreasing Term Assurance – sometimes known as Mortgage Protection
Similar to a term assurance plan but it has a lump sum which reduces each year usually in-line with the amount owing on a repayment mortgage.  Any benefit payable is tax-free and again this type of plan can be extended to include critical illness cover and terminal illness cover.

Family Income Assurance
Specifically designed for families with or planning for children.  Rather than paying a lump sum it will pay out a regular tax-free income from the date of death until a fixed time in the future.  Can also be extended to include critical illness cover and terminal illness cover.

Whole of Life Assurance
Provides life assurance with no specific end date and guarantees to pay out in the event of death, whenever it occurs providing you keep up premium payments.  Can also be extended to include critical illness cover and terminal illness cover.  Premiums on this type of plan are often reviewable and may increase in the future.

Critical Illness Cover
Pays out a tax-free lump sum in the event of you being diagnosed with one of the illnesses covered under the policy.  Can be taken out as stand-alone cover or included in one of the life assurance policies listed above.

Income Protection Insurance
Designed to protect you from loss of income in the event of you being unable to work long-term due to illness or accident.  Can protect normally up to 50% of your income, tax-free, in addition to any state benefit payments you are entitled to.

Existing Plans
If you already have one or more protection insurance policies and would like us to review them, please contact us so we can assess them for value for money, to find out if they provide too much or too little coverage, whether they are appropriate and whether the sums assured should be placed into trust.

What our clients say

“Very many thanks for all you do for us – above and beyond the call of duty!”

Mr & Mrs S of Brackley

“Thank you. A comprehensive and efficient service”.

Mr A of Silverstone

“Mclay James have proven to be as good as their word in providing excellent service standards with professional advice. Strongly recommended”.

Mr C of Northampton

“Received fantastic advice over and above our expectations. They took the time to understand our situation and provided the solutions which we did not fully appreciate until later. Very thorough and professional and we have recommended them on to our family”.

Mr & Mrs R of Towcester

“Having dealt with Colin and the investment team over many years through some pretty turbulent market conditions I can honestly state Mclay James have provided an outstanding service with high professional standards”.

Mr T of South Northamptonshire

“Just a quick note to thank you for your reassuring letter of 1st October 2011. It was kind and thoughtful of you to take the time to write. I feel fortunate to have you to advise me about ‘eggs in baskets’ ”.

Ms A of Hitchin

“My wife and I would like to register our sincere thanks to Mclay James Ltd and in particular Colin Reid, for the outstanding service and advice we have received. I cannot fully express in words my gratitude to Colin and the three companies for all their support and assistance. Without the monies received my wife and I would have been in financial difficulty. My wife has also received excellent advice and support from Colin and we would obviously recommend Mclay James”.

Mr & Mrs C of Peterborough