Protection
Our Protection services
At Taurus Wealth Management, we believe that a robust financial plan includes not just wealth accumulation and management, but also safeguarding your financial future against unforeseen circumstances.
Our protection services are designed to provide you and your loved ones with financial security and peace of mind.
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Protection overview
We understand that discussing protection needs can be challenging, as it involves contemplating difficult scenarios. Our approach is sensitive yet practical, ensuring you have the right conversations and make informed decisions about protecting your financial future.
We stay up-to-date with the latest products and innovations in the protection market, allowing us to offer you the most current and relevant solutions. Our goal is to provide you with a protection strategy that offers comprehensive coverage, value for money, and above all, peace of mind.
Types of Protection We Offer:
Life Insurance
- Term Life Insurance: Coverage for a specific period.
- Whole of Life Insurance: Lifelong coverage with an investment component.
- Family Income Benefit: Provides a regular income to beneficiaries rather than a lump sum.
Critical Illness Cover
- Pays out a tax-free lump sum if you’re diagnosed with a specified serious illness.
- Can be standalone or combined with life insurance.
Income Protection
- Provides a regular income if you’re unable to work due to illness or injury.
- We’ll help you determine the appropriate level of cover and deferment period.
Private Medical Insurance
- Offers access to private healthcare, potentially reducing wait times for treatment.
- We can advise on different levels of cover and excess options.
Business Protection
- Key Person Insurance: Protects your business against the loss of a crucial team member.
- Shareholder Protection: Ensures business continuity in the event of a shareholder’s death.
- Relevant Life Policies: Tax-efficient life insurance for employees and directors.
Mortgage Protection
- Decreasing Term Insurance: Cover that reduces in line with your mortgage balance.
- Mortgage Payment Protection: Covers your mortgage payments if you’re unable to work.
Our process
- Needs Analysis: We'll conduct a thorough assessment of your current situation, including family circumstances, financial commitments, and existing coverage.
- Risk Assessment: We'll help you identify potential risks to your financial security and prioritize your protection needs.
- Policy Comparison: We'll research the market to find policies that best meet your needs, comparing terms, conditions, and prices.
- Recommendations: We'll provide clear, impartial advice on the most suitable protection solutions for you.
- Application Support: We'll guide you through the application process, including any medical underwriting requirements.
- Regular Reviews: We'll periodically review your protection needs and policies to ensure they remain appropriate as your circumstances change.
Key considerations
- Balancing protection needs with budget constraints
- Understanding policy exclusions and limitations
- The importance of full disclosure when applying for insurance
- Tax implications of different protection policies
- How protection fits into your broader financial plan
- The role of state benefits and how private protection complements these
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.
The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key Features and Policy Documents.
Want to know what our long-term clients get when working with us?
Call the office and schedule a time to talk with the Taurus Wealth team today.