Some of our Products
Discover more about our extensive range of professional services. We constantly update this page, but if you still can’t find what you’re looking for, please feel free to get in touch with us – we will be more than happy to help.
Life Insurance
A life insurance plan is designed to pay a lump sum or regular monthly payments on the policy holders’ death during the term of the plan.
Life Insurance is a plan that can provide financial support to your
loved ones when you die.
Life insurance can be used to cover the debt of your mortgage or family protection. Depending on what your need and circumstances are will depend on the type of plan such as level or decreasing.
There are many benefits of having a life insurance plan in place if the worst was to happen such as:
- Providing financial security for your loved ones
- Paying off outstanding debts such as mortgage
- Compensating for loss of earnings
- Giving you peace of mind that your loved ones will be looked after when you die
Decreasing Life Insurance
A decreasing life insurance plan is a plan that decreases over time. Its main purpose is to protect a repayment mortgage as this would also decrease over time.
It will help pay off any remaining balance of your mortgage if you die within the term of the plan.
Level Life Insurance
A level life insurance plan is a plan where the premiums and the amount of cover stay the same throughout the policy term unless any changes are made to the policy. This can be used to cover interest only mortgages or family protection.
Income Protection
An income protection plan is a plan that is designed to pay you a monthly sum up to 70% of your gross annual earnings if you are out of work due to an illness or injury.
It’s there to help you cover any financial outgoings such as your household bills ie. mortgage payment, rent or just everyday essential
costs if you are unable to work due to an illness or injury.
This will benefit you if you get no sick pay or short-term sick pay from your employer or are self-employed.
You can choose which term suits you best
and your affordability from a 1-year term up to retirement age.
Critical Illness Cover
If you are diagnosed with a critical illness it can have a sincere impact on your finances, as you may have to take time out of work for your treatment and recovery.
Critical illness insurance will pay out a cash lump sum if you are diagnosed with a critical illness specified on your policy and you meet the providers definition. Critical illness’ vary with each provider however some critical illness’ are covered as standard with most providers
- Heart Attack
- Stroke
- Cancer
There are many benefits of having a critical illness plan in place such as:
- It can cover financial debt you may have such as mortgage, rent, and bills.
- It will give you some financial support whilst you are out of work recovering from your illness.
- Its tax-free lump sum.
- It will pay out if diagnosed with any of the illnesses on your plan and you meet the definition.
Private Medical Insurance
Private medical insurance also known as health insurance is an insurance policy that covers the cost of private diagnosis and treatment.
Most providers cover any new diagnosis or illness’ not usually preexisting medical conditions.
You would pay a monthly fee for your policy this would cover some of your costs or all your costs depending on which plan you have chosen.
Some benefits of having health insurance would be:
- Faster diagnosis
- Decreased wait times
- Private hospital room
- Quicker treatment
Home Insurance
There are two main types of home insurance which are buildings and contents. Buildings insurance covers the physical structure of your property whilst contents cover your possessions and items within your home.
Contents insurance would cover the cost of replacing any items that are damaged, destroyed, or stolen ie. Furniture, entertainment.
Buildings insurance covers your roof, walls, windows and any permanent fixtures and fittings ie. Fitted kitchen.
Policies may differ but buildings insurance usually covers damage caused by fire, flood, fallen trees, malicious damage and vandalism.
Business Insurance
Regardless of the size and type of your business it needs protected. We understand the challenges and pitfalls that come with all businesses and want to ensure you have the right insurance in place to eliminate any financial burden.
Relevant Life
A type of Death in Service benefit that is set up and paid for by the business to provide life Insurance to company directors and employees. If an individual dies when insured, the policy will pay a tax-free lump sum on death to benefit their loved ones.
Keyperson
A life Insurance / Critical Illness policy that a business sets up on the life of a key person, such as the owner, partner or person, whose death or disability to work would have a detrimental effect in the business. It provides some financial stability.
The business is the beneficiary of the policy, and the
aim is to protect it against any loss of revenue, sales, and profits for to the business to perform and trade as normal.
Shareholder Insurance
Is a Business Life Cover that pays a lump sum to the company or remaining shareholders when a shareholder dies or becomes terminally or critically ill. This helps buy the shares of the deceased or ill partner from their estate or family. This ensures the business can avoid any conflict, or disruption in its
ownership and performance.
It provides certainty and fair value to the shareholders family or beneficiaries. It requires each shareholder to take out a policy written into trust for the others. To safeguard the Future of the Business.
Business Loan Protection
A Policy that can help repay any outstanding loan, mortgage, or debt for a business if the owner or key person dies, becomes terminally ill or suffers a critical illness.
It can be taken out on the life of a person within the business. The sum assured can be paid to the business or directly to the lender depending on the policy terms. Business loan Protection can safeguard the future of a business and prevent it from going bankrupt.
Whole of Life
This is a life insurance policy that ensures that no matter what age you die, your loved ones will receive a lump sum payout.
It is usually put in place for funeral expenses and to cover additional costs on the event of death.
Whole of Life would typically be more expensive due to having no fixed term.
Trust
A trust is a legal arrangement which allows you (the settlor) to leave money and things your assets to a person or people (beneficiaries).
No one wants to think about what happens when we are gone but we
want to ensure our loved ones are looked after.
Putting your life insurance policy in a trust gives you more control over who benefits from your policy. A trust can be managed by your friends or family they will be named as (trustees) on the trust document.
Please note for these insurance products, terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.
Future Focused Financial Ltd, Wellington Park Business Centre, 3 Wellington Place, BT9 6DJ
Debbie Doherty – 07967368470
Michelle Willoughby – 07840454703
info@futurefocusedfinancial.co.uk
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Registered No: NI698978 Registered Address: 3 Wellington Park Belfast BT9 6DJ Registered in Northern Ireland
Future Focused Financial is a trading name of Future Focused Financial Ltd who are an
Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd.
First Complete Ltd is authorised and regulated by the Financial Conduct Authority.