As a company committed to your financial well-being and planning, we are excited to present the latest edition of our client newsletter, designed to empower you on your financial journey. Our mission is clear: to provide you with essential insights and motivation that will turn your financial aspirations into reality.

In this edition, you will find invaluable articles crafted to enhance your financial knowledge and strategy. Dive into the October Budget, uncover critical takeaways, and confidently prepare for 2025. Explore the concept of intergenerational wealth, master the skills to identify financial scams, and grasp the essential role of protection when taking out a mortgage.

Each topic has been thoughtfully selected to equip you with the knowledge necessary for immediate and long-term financial success. This newsletter goes beyond theory; it’s brimming with practical guidance.  Our straightforward guidance ensures you feel not only informed but truly capable as you navigate your financial landscape.

Email: planningteam@hexagonwm.com

Telephone: 01270 250900

Life is unpredictable, and in the United Kingdom, as in many parts of the world, having a safety net in place for your loved ones is of paramount importance. Relevant Life Insurance is one such financial tool that has gained significant relevance in recent years. This specialized insurance product offers unique advantages, making it a popular choice among UK residents. In this article, we will explore what Relevant Life Insurance is, why it is important, and the advantages it provides to individuals and their families.

What is Relevant Life Insurance?

Relevant Life Insurance is a tax-efficient life insurance policy available to businesses in the UK. It is designed to provide a death-in-service benefit for key employees, including company directors. Unlike traditional life insurance policies, Relevant Life Insurance is set up by the employer for the benefit of their key employees. The premiums are paid by the business, and in the event of the key employee’s death, the payout goes directly to the key employee’s family or beneficiaries.

 

Why is Relevant Life Insurance Important?

1. Financial Security: The sudden loss of a loved one can have a devastating impact on a family’s finances. Relevant Life Insurance ensures that the family members are financially protected, covering immediate expenses and providing a stable financial future.

 

2. Tax Efficiency: One of the significant advantages of Relevant Life Insurance is its tax efficiency. Premiums are usually tax-deductible for the business, and the payout is typically tax-free for the beneficiaries. This makes it an attractive option for both employers and key employees.

 

3. Flexible Coverage: Relevant Life Insurance policies can be tailored to suit individual needs. The coverage amount can be adjusted based on the key employee’s salary and requirements, ensuring that the policy provides adequate financial support.

 

Advantages of Relevant Life Insurance:

1. Tax Savings: Businesses can enjoy tax benefits as premiums are treated as a tax-deductible expense, reducing the overall tax liability.

 

2. Affordability: Premiums for Relevant Life Insurance are often lower than personal life insurance policies, making it a cost-effective option for both employers and key employees.

 

3. No Impact on Lifetime Allowance: The payout from Relevant Life Insurance does not count towards an individual’s lifetime allowance for pension savings, offering additional financial flexibility.

 

4. Simplicity: The application process and administration of Relevant Life Insurance are relatively straightforward, making it a hassle-free option for businesses.

 

5. Legal and Regulatory Compliance: Relevant Life Insurance policies comply with UK tax laws and regulations, ensuring that businesses and key employees have peace of mind regarding their insurance arrangements.

 

In conclusion, Relevant Life Insurance plays a crucial role in providing financial security and peace of mind to business owners and their families. Its tax efficiency, affordability, and flexibility make it a valuable asset for businesses and individuals alike. In the unpredictable journey of life, having a Relevant Life Insurance policy is a proactive step towards ensuring a stable and secure tomorrow for those you care about the most.

In today’s unpredictable world, planning for the future has never been more critical, especially for families. Among the many ways to secure your family’s financial future, life insurance stands out as a cornerstone of responsible financial planning. This holds particularly true for families in the United Kingdom, where the right life insurance policy can provide a safety net, ensuring your loved ones are protected even in your absence.

Financial Stability and Security

One of the primary reasons life insurance is indispensable for UK families is its ability to provide financial stability and security. In the event of the policyholder’s demise, life insurance offers a lump sum payment to the beneficiaries, helping them cover essential expenses, such as mortgage payments, education, and daily living costs. This financial cushion alleviates the burden on the family during an emotionally and financially challenging time.

Covering Outstanding Debts

For many families, especially those with mortgages or outstanding debts, life insurance acts as a shield against financial crises. In the UK, where property prices can be high, a mortgage is a significant financial commitment. Life insurance ensures that your family can continue living in their home, even if the primary breadwinner is no longer around to contribute to the mortgage payments.

Educational Support

Investing in a child’s education is a priority for most families. Life insurance can secure funds for your children’s education, ensuring that they have the financial support necessary to pursue their dreams. Whether it’s university fees or vocational training, having a life insurance policy in place guarantees that your children’s education remains uninterrupted, regardless of life’s uncertainties, should the worst happen.

Protecting Business Interests

Life insurance isn’t just for families; it’s also crucial for business owners. Many UK families run small businesses, which are often intertwined with their personal finances. Life insurance can protect the family business by providing necessary funds to cover outstanding business debts, support the surviving family members, and facilitate the smooth transition of the business to the next generation.

Peace of Mind and Emotional Well-being

Beyond the financial aspects, life insurance provides an intangible yet invaluable benefit: peace of mind. Knowing that your family is protected in the event of your untimely demise can bring immense emotional relief. It allows you to focus on enjoying your time with your loved ones, secure in the knowledge that their future is safeguarded, regardless of life’s uncertainties.

In conclusion, life insurance is not just a financial product; it’s a fundamental pillar of responsible family planning. For UK families, it offers a way to navigate the challenges of an ever-changing world, ensuring that their dreams and aspirations are not compromised by unexpected events. By investing in life insurance, families can truly embrace the future with confidence, knowing that they have taken a proactive step to secure the well-being of their loved ones.

Example costings:

Age	Term	Sum Insured	Monthly Premium
31 next birthday	To age 67	£100,000 Level	£34.62
41 next birthday	To age 67	£100,000 Level	£9.19
51 next birthday	To age 67	£100,000 Level	£14.84

 

The example costings above are illustrative of Standard Terms meaning that all applications for cover will be subject to medical underwriting and could change due to health status.

Next Steps – 

Speak to one of our independent financial planners about how life illness insurance can benefit you, your family or your business.

Call: 01270 250900

Email: planningteam@hexagonwm.com

THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

In the fast-paced world of business, shareholders are pivotal. But what happens when an unforeseen circumstance – like a critical illness or death – impacts a key shareholder?

The disruption can be massive, often leaving a company in uncertainty. That’s where shareholder protection steps in, ensuring the business remains steady and resilient.

Why Consider Shareholder Protection?

While every business plans for growth, few anticipate the sudden departure of a key shareholder. Shareholder protection offers an essential safety net, safeguarding the interests of all stakeholders and keeping disruption to a minimum. Benefits of shareholder protection include:

Ensuring Stability: It provides funds so that remaining shareholders can buy out the shares of the critically ill or deceased shareholder, ensuring business continuity.

Fair Value: The family or estate of the affected shareholder receives the rightful value for their shares, preventing undervaluation or forced sales.

Preventing Unwanted External Ownership: Without such protection, shares might end up in the hands of external third parties, potentially disrupting the company’s ethos and operations.

 

How Does Shareholder Protection Work?

Primarily, there are three main methods:

Own Life Plans Under Business Trusts: Each shareholder has a life plan equivalent to their share value, held under a business trust for other shareholders.

Life of Another Plans: Directly owned by fellow shareholders.

Company-Owned Plans: Enables the company to repurchase the shares.

In addition to these plans, a cross-option agreement is usually put in place. This agreement allows surviving shareholders the option to buy shares from the deceased’s representatives. Crucially, it also ensures the deceased’s estate retains the much-needed business property relief for inheritance tax purposes.

 

Determining the Value of Shares

One challenge in the process is establishing the share’s value. Typically, this is where professionals, particularly company accountants, step in. They might use methods like:

Multiple of Maintainable Profits: Evaluating past, present, and future profit projections.

Dividend Yield: Calculating the share price based on desired yields from dividends.

Net Assets: Especially for companies like property investment firms.

 

What Could Shareholder Protection Look Like For You?

For businesses considering shareholder protection, the question often arises: “What might it cost us?” Here’s an example of Business Term Assurance payable on death only, based on a 5-year renewable basis for a non-smoker:

Age 41 next birthday – £12.02 per month

Age 51 next birthday – £26.63 per month

It’s important to note that these figures are based on standard health terms and are subject to medical underwriting. Every individual case will vary, and the final premium may be adjusted based on health assessments and other factors. Our advisors would be delighted to provide an accurate quote based on your individual circumstances.

 

Protecting Your Business is Protecting Your Legacy

Hexagon Wealth Management understands the intricacies of businesses and the nuances of shareholder dynamics. Our expertise in shareholder protection ensures that businesses remain intact and prosperous, even amidst unforeseen challenges.

Planning ahead is not about anticipating gloom; it’s about ensuring that the company you’ve built, or invested in, remains strong, no matter the circumstances.

 

Expertise You Can Trust

If you’re unsure about the need for shareholder protection, or how to navigate its complexities, the team at Hexagon Wealth Management is here to help. With a rich blend of experience, knowledge, and commitment, we ensure your business interests remain secure.

Discover how Hexagon Wealth Management can guide you through shareholder protection, safeguarding the future of your business. Speak to us today for friendly and knowledgeable advice.

In today’s complex financial landscape, individuals and businesses often face intricate challenges that require a multifaceted approach. In the United Kingdom, the synergy between independent financial planners, accountants, and solicitors has proven to be a game-changer for clients seeking comprehensive financial solutions. By collaborating effectively, these professionals can offer unparalleled expertise and support, ensuring their clients’ financial well-being and peace of mind.

 

A Holistic Approach to Financial Planning

Independent financial planners play a pivotal role in crafting personalised financial strategies tailored to their clients’ needs and goals. By collaborating closely with accountants and solicitors, they can gain a deeper understanding of their clients’ financial situation, including income, taxes, and legal obligations. This holistic perspective enables them to create robust financial plans that account for all aspects of their clients’ lives.

 

Maximising Tax Efficiency

Accountants are well-versed in the ever-changing tax laws and regulations in the UK. By working in tandem with financial planners and solicitors, they can help clients optimise their tax positions. This collaboration ensures that clients take advantage of available tax reliefs, allowances, and exemptions, ultimately minimising their tax liabilities and maximising their wealth accumulation.

 

Navigating Legal complexities

Solicitors specialise in various legal fields, including estate planning, wills, trusts, and business law. When integrated into the financial planning process, solicitors can ensure that clients’ legal affairs are in order. This collaboration is particularly valuable in estate planning, where solicitors can work with financial planners and accountants to create comprehensive plans that safeguard assets, minimise inheritance tax, and facilitate the seamless transfer of wealth to future generations.

 

Enhancing Investment Strategies

Collaboration between financial planners, accountants, and solicitors also benefits clients in the realm of investments. Financial planners can develop investment strategies aligned with clients’ financial goals, while accountants provide valuable insights into the tax implications of various investment decisions. Solicitors, on the other hand, can offer legal guidance on investment structures and regulations. Together, these professionals create investment portfolios that are not only financially sound but also tax-efficient and legally compliant.

 

Ensuring Peace of Mind and Long-term Success

By working together, independent financial planners, accountants, and solicitors provide clients with a sense of security and confidence in their financial futures. This collaborative approach fosters trust and transparency, allowing clients to make informed decisions about their finances. With a strong support system in place, individuals and businesses can navigate the complexities of the financial world with ease, ensuring long-term success and peace of mind.

In conclusion, the collaboration between independent financial planners, accountants, and solicitors is a cornerstone of effective financial planning in the UK. By leveraging their collective expertise, these professionals empower clients to achieve their financial goals, minimise risks, and secure a stable and prosperous future. In a world where financial challenges are multifaceted, this collaborative approach stands as a beacon of stability and support, guiding clients toward a brighter and more secure tomorrow.

At Alextra we have you covered with our in-house experts in Independent Financial Planner and Accountancy and our strong connections with local solicitors we trust.

PLEASE NOTE THAT OUR ACCOUNTANCY FIRM HAS NO ASSOCIATION WITH TENETCONNECT LIMITED.

In the intricate tapestry of life, planning for the inevitable is often a topic we prefer to avoid. Yet, in the United Kingdom, creating a will stands as one of the most vital responsibilities an individual can undertake. This legal document, often overlooked, plays a pivotal role in ensuring your wishes are respected, assets are distributed as intended, and your loved ones are cared for after you’re gone.

 

Preserving Your Legacy

A will is your voice after you’re gone. It encapsulates your desires regarding the distribution of your assets, properties, and belongings. By clearly outlining your intentions, you safeguard your legacy, ensuring that your hard-earned assets benefit those you cherish the most.

 

Protecting Your Loved Ones

In the absence of a will, intestacy rules come into play. These laws dictate how your estate will be divided among your family members. Creating a will allows you to specify provisions for your spouse, children, and other dependents, providing them with financial security during a challenging time.

 

Minimising Family Disputes

A well-drafted will can prevent potential disputes among family members. Clearly defined instructions leave little room for interpretation or contention, fostering harmony and understanding among heirs. This ensures that your loved ones can focus on grieving and supporting one another, rather than engaging in legal battles.

 

Appointing Guardianship

For parents, a will is indispensable as it allows you to nominate guardians for your minor children. This decision, made by you, ensures that your children are placed under the care of individuals you trust and who share your values, beliefs, and parenting style.

 

Tax Planning

Wills can be used as strategic tools for tax planning. With proper guidance, you can structure your estate in a way that minimises the tax burden on your beneficiaries, allowing them to inherit a more substantial portion of your assets.

 

Peace of Mind

Knowing that you have taken the necessary steps to plan for the future provides peace of mind. It offers reassurance that your loved ones will be taken care of and that your assets will be distributed according to your wishes, relieving you of the worry that your family might face financial hardships in your absence.

 

Encouraging Charitable Giving

A will provides you with the opportunity to support charitable causes that are close to your heart. By including charitable bequests, you can leave a lasting impact on organisations and initiatives that are meaningful to you, contributing to a better society even after you’re gone.

In conclusion, creating a will in the UK is not merely a legal formality; it is a profound expression of love and responsibility toward your family and the causes you hold dear. By taking this important step, you can leave behind a legacy of care, compassion, and support, ensuring that your influence continues long after you have departed.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE WILL WRITING.

Introduction

Pensions in the United Kingdom are not only essential for individuals to secure their financial future but also hold significant advantages for business owners. One of the lesser-known benefits is their potential to reduce corporation tax liabilities. In this article, we will explore how UK pensions can be a powerful tool for business owners, providing financial security for employees while simultaneously optimising tax strategies.

Understanding Corporate Pension Contributions

Business owners in the UK can make tax-deductible contributions to their employees pensions, including their own. These contributions are considered a business expense, thereby reducing the company’s taxable profits. By maximising pension contributions, business owners can significantly decrease their corporation tax bills.

Tax Efficiency: A Win-Win Situation

Contributing to employee pensions not only reduces corporation tax but also demonstrates a commitment to the well-being of the workforce. This fosters loyalty and can enhance the company’s reputation, potentially attracting top talent. As a result, business owners enjoy tax efficiency while creating a positive workplace environment.

The Annual Allowance Advantage

The UK government offers an annual allowance on pension contributions, currently set at £60,000 (2023/24 tax year). Utilising this allowance to the fullest extent possible enables business owners to make substantial contributions, reducing their taxable profits and, consequently, corporation tax. It’s essential for business owners to stay informed about any changes in this allowance to optimise their pension contribution strategies.

Carry Forward Rules: A Strategic Approach

Additionally, the UK allows the carry forward of unused annual allowances from the previous three tax years. Business owners can leverage this rule to make larger contributions, particularly during profitable years, effectively reducing their corporation tax liability. Careful financial planning and understanding of carry forward rules are crucial for optimising this strategy.

Impact on Directors’ Pensions

Company directors, often significant shareholders, can also benefit from generous pension contributions. By allocating profits to directors’ pensions, businesses reduce their taxable profits, leading to lower corporation tax. Proper structuring of director pensions can yield substantial tax savings while ensuring financial security during retirement.

See our article on how Independent Financial Planners working with Accountants can really benefit clients. Before making any decision regarding pension contributions we strongly suggest you seek professional advice from your accountant and financial planner.

Conclusion

In summary, pensions in the UK offer business owners a valuable opportunity to optimise their tax strategies and simultaneously provide financial security for their employees. By understanding the nuances of pension contributions, annual allowances, carry forward rules, and their impact on directors’ pensions, business owners can significantly reduce their corporation tax liabilities.

It’s imperative for businesses to consult with financial advisors and pension experts to develop tailored pension plans aligned with their financial goals and tax-saving objectives. By taking advantage of these opportunities, business owners can navigate the complex tax landscape, enhance their employees’ financial well-being, and foster a thriving, tax-efficient business environment in the UK.

A PENSION IS A LONG-TERM INVESTMENT, THE FUND VALUE MAY FLUCTUATE AND CAN GO DOWN. YOUR EVENTUAL INCOME MAY DEPEND UPON THE SIZE OF THE FUND AT RETIREMENT, FUTURE INTEREST RATES AND TAX LEGISLATION.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE OCCUPATIONAL PENSION SCHEMES

Maximising your Pension for the future

Wouldn’t it be great if you could have a glimpse into the future to ensure you have enough money for the life you want to live when you retire? Cash flow forecasting is a powerful tool that can help you to plan ahead and avoid unforeseen financial shortfalls.  

In this article, we’ll explore how cash flow forecasting works and how Alextra can help you to pave the way to financial security.  

What is Cash Flow Forecasting?  

When it comes to retirement planning, having a clear picture of how money will flow in and out of your accounts is very important. Cash flow forecasting involves projecting and estimating your expected cash inflows and outflows over a specific period. By analysing your past spending patterns and anticipated income during retirement, you can gain valuable insight into your financial health and identify any potential gaps in your budget.  

How Do I Avoid Shortfalls? 

One of the biggest benefits of cash flow forecasting is its ability to help you avoid financial shortfalls. By carefully tracking your income and expenses, you can identify times when your costs might exceed your income and take action. This foresight allows you to take proactive measures to bridge these gaps, such as cutting back on spending and exploring new income streams. Depending on your circumstances, you might also want to consider adjusting your financial goals.  

Preparing For the Unexpected  

Furthermore, cash flow forecasting helps you to prepare for unexpected expenses. So, whether it’s an emergency car repair, a special occasion, or a medical bill, having a clear understanding of your cash flow will enable you to put funds aside to cover these unforeseen costs. By allocating these funds in advance, you can avoid having to dip into your savings or resorting to high-interest credit options.  

Visualising Future Provision 

So, we’ve looked into how cash flow forecasting can help you to avoid shortfalls, but that’s not where the insights end. Cash flow forecasting can also help you to visualise your future provision. By forecasting your income and expenses over a more extended period, such as a year or even five years, you can get a holistic view of your financial trajectory. This visualisation helps you to set realistic goals, reset unrealistic expectations, and plan for major events and purchases.  

“Over the years, I’ve witnessed firsthand the life-changing potential of cash flow forecasting. One recent example involved a client who believed they had to work until age 65 to maintain their current lifestyle in retirement. Through cash flow forecasting, I was able to show them an alternative scenario: retiring immediately (age 61).  

The projections revealed that they could afford to leave work and still enjoy their desired lifestyle. The impact was so profound that within just six months of our meeting, they handed in their notice. Cash flow forecasting has the power to empower individuals to make informed decisions and seize opportunities that can truly transform their lives.” – Steven Pepper, Director and Independent Financial Planner, Hexagon Wealth Management Limited. 

Your Dream Retirement is Within Reach 

In an ever-changing financial landscape, cash flow forecasting serves as a compass, guiding you toward a secure and prosperous financial future. By providing insights into your income and expenses, this valuable tool helps you to make informed decisions, avoid shortfalls, and plan for the future you want.  

Are you ready to take control of your retirement planning with cash flow forecasting? Contact our team today to schedule a consultation and discover how this life-changing process can help you to achieve your financial goals.  

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Email us

Call us – 01270 250900

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Do you have enough life insurance? When was the last time you had a life insurance review? Perhaps the only time you’ve ever considered life insurance was when you took out your mortgage. While mortgage life insurance is a very sensible choice that will cover the value of your mortgage if you pass away, there are so many other factors to take into account.

Here’s a surprising statistic: 61% percent of dogs in the UK are insured while only 30% of humans have life insurance. As a nation, we’re good at insuring our cherished animal friends, but often overlook the importance of life insurance for ourselves and our families.

In this article, we’ll explore the importance of different life insurance coverage, how to work out if you have enough, and how you can arrange a life insurance review for your peace of mind.

 

Do I Need Life Insurance?

Life can be unpredictable. Life insurance is designed to counter this unpredictability and protect and secure your family should the unexpected happen. From paying off the remaining balance of your mortgage to covering other debts and expenses, life insurance can be tailored to suit your needs.

If you’re questioning whether you need life insurance, here are a few questions to ask yourself:

• Is there anybody in my life that relies on my income?
• Do I have a mortgage or other large debts that will become the responsibility of my loved ones?
• Could my loved ones afford to pay for my funeral?
• Would I like to leave a gift to the people I care about?

 

When Mortgage Cover Alone Isn’t Enough

Many homeowners consider their home to be their family’s biggest asset, when often it’s actually them! Think about how much your income covers during a typical month and what would happen if your family no longer received this money. From the mortgage and energy bills to council tax and shopping costs, all of these things would need to be paid for if you were no longer around. That’s why we recommend looking beyond just your mortgage when arranging cover. Let’s take a look at some other areas you might consider when taking out life insurance.

Firstly, a Quick Note About Mortgage Life Insurance…

When you take out mortgage life insurance, it’s sensible to set the cover to match the value of your mortgage. This will ensure your mortgage value is covered in the event of your death and also ensures you don’t take out more mortgage life cover than you need. If you have an interest-only mortgage that you want to arrange cover for, bear in mind that interest rates and inflation will fluctuate during the term of your mortgage. Make sure you take this into account when calculating how much cover you need.

Covering Loans and Other Debts

If you have secured loans, credit cards, or other debts outstanding when you pass away, the cost of these loans would usually be taken out of your estate after you are gone. That means your family will be left with less money to live on. Life insurance is typically not counted as part of your estate and when written in trust (more on this in a moment), can bypass probate so that loans and other debts don’t affect it.

Covering Family Expenses

If you want to provide for those big life milestones in your children’s lives, your life insurance payout could help them to cover the cost of buying a house, attending university, or starting a family. The cost of these milestones may increase over the years. Look for life insurance policies that retain their value over time, such as a level-term policy or index-linked policy.

Covering Funeral Costs

The average cost of a funeral today is around £4,184. That could be a big expense for your family. For this reason, it might be sensible to leave a sum to help your loved ones cover the cost of your funeral. A level-term insurance policy would be the best choice in this instance as the final payout will remain the same throughout the policy term. This gives you and your family peace of mind that your funeral costs will be covered.

Critical Illness Cover

If your family depends on your income, consider taking out a combined life and critical illness insurance policy. This will pay out if you are diagnosed with a critical illness during the term of your policy.

Example Costings and Payout Amounts

Below is an example of a level-term insurance policy that can be taken out in addition to your mortgage life cover. As you can see, the sum assured stays the same throughout the term of the policy.

Age	Sum Assured	To Age	Premium
35	£100,000	67	£7.25
45	£100,000	67	£11.55
55	£100,000	67	£19.66

All life insurance applications will be medically underwritten and monthly premiums will be subject to change depending on health and lifestyle. The above monthly premiums assume standard terms and were correct as at 24th April 2023.

 

Putting Your Life Insurance in Trust

When you take out a life insurance policy, it’s important to consider what will happen to the money when it is paid out. How soon will it be paid out? Who will receive it? Will it be taxed?

One way to control what happens to your life insurance payout is to write your life insurance into trust.

A trust is a legal arrangement that ensures your life insurance policy is kept separate from the rest of your estate. It offers several benefits, including:

• Faster Payout: If your life insurance policy is placed in trust, you won’t have to go through probate before the money is paid out. This is particularly important if your family would be in financial trouble from the moment you pass away.
• No Inheritance Tax: When you put your life insurance into trust, it won’t be subject to inheritance tax as it isn’t considered to be part of your estate.
• Can’t Be Used to Pay Debts: Because your life insurance isn’t considered part of your estate, it cannot be claimed by debtors looking to recover debts.
• Choose Where the Money Goes: Depending on how you set up your trust, you can decide who receives the life insurance payout.

 

Arrange a Life Insurance Review Today

At Alextra, we recommend that you review your life insurance cover every few years as your circumstances change. We’d be delighted to take you through a life insurance review to ensure your family has everything they need should the unexpected happen. Speak to our team today to get started.

Call us on 01270 250900, use our contact form or email planningteam@hexagonwm.com

 

Sources

https://www.pdsa.org.uk/media/12965/pdsa-paw-report-2022.pdf

https://yulife.com/blog/how-many-people-have-life-insurance-in-the-uk/

https://www.which.co.uk/money/wills-and-probate/end-of-life/funeral-costs-aDPu97f1OM5G