5 Star Rated Protection Advice UK

Protection & Insurance Advice

Insurance is there to ensure the life you have created for you and your family goes on, no matter what challenges come your way.

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Protecting your assets

There are events we can all face that have the potential to wreck lives and families. It’s a difficult issue to think about, but imagine the impact on you and your family should the main earner in your household die or become seriously ill.

At Beals, our protection advisers provide tailored solutions to safeguard your home, health, income, and financial future, we help you gain peace of mind knowing that you’re prepared for life’s uncertainties.

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Our Protection Services

We offer a range of protection services to safeguard you, your family, and your business.

Life Insurance

Life insurance provides essential financial support to your loved ones when they need it most, offering peace of mind that their future is secure.

Income Protection

Income protection is a type of long-term insurance that provides a regular, tax-free monthly income if you are unable to work due to a long-term illness or injury.

Critical Illness Cover

Critical illness cover provides financial support when it's needed most, helping to ease the burden of serious health challenges.

Business Protection

Protecting your business from unforeseen challenges is crucial to ensuring its long-term success - from safeguarding key individuals to securing financial stability in uncertain times.

Family Income Benefit

Family Income Benefit ensures your loved ones are financially supported with a regular income if the unexpected happens.

Mortgage Protection

Mortgage protection ensures your home is safeguarded by covering your mortgage payments if the unexpected happens.

Whole of Life Insuranc/Assurance

Whole of life (WOL) insurance can be used to pay Inheritance Tax (IHT) by providing a guaranteed lump sum to your beneficiaries upon your death, which they can then use to cover the tax bill.

Buildings & Contents

Buildings and contents insurance offers comprehensive protection for your home and belongings, giving you peace of mind in case of damage, theft, or unforeseen events.

Gift Inter Vivos

Gift inter vivos refers to a gift made during a person's lifetime, rather than through a will or estate plan. This is particularly suitable to cover against inheritance tax.

Understanding your unique needs

We take pride in offering a personal service that's tailored specifically to you and you only.

To recommend the right solutions for you, we will ask you the following:

You and your lifestyle

We'll ask you to provide us with information on your current circumstances, such as your income, outgoings, health, and savings.

Your current protection plans

We'll look at what protection you may have already, any employer protection, and any state benefits you may be entitled to.

Discovering potential gaps

We'll highlight any potential gaps in your protection needs that would mean you would be unable to pay for your essentials.

Finding your personalised solutions

Establishing the above will help us recommend solutions that offer the right cover for you.

Frequently Asked Protection Questions

What is life insurance, and how does it work?

Life insurance is a policy that provides a financial payout to your beneficiaries if you pass away during the term of the policy. It helps cover debts, mortgage payments, and living expenses to protect your loved ones from financial hardship. You pay regular premiums, and in return, your insurer provides the agreed-upon sum if the insured event occurs.

Why do I need income protection insurance?

Income protection insurance offers financial support if you're unable to work due to illness or injury. It typically provides a monthly income to cover essential living expenses, allowing you to focus on recovery without the stress of lost earnings. It’s especially valuable for self-employed individuals or those without a robust employer sick-pay scheme.

What is critical illness cover, and what does it protect against?

Critical illness cover pays a lump sum if you're diagnosed with a serious illness specified in your policy. Commonly covered conditions include cancer, heart attacks, and strokes. The payout can help with medical expenses, mortgage repayments, or lifestyle changes required after your diagnosis.

What is the difference between life insurance and mortgage protection insurance?

Life insurance provides a payout to your beneficiaries for general financial support, while mortgage protection insurance is specifically designed to pay off your remaining mortgage balance if you die. Both can be important depending on your financial situation and goals.

Do I need both life insurance and critical illness cover?

It depends on your personal needs. Life insurance protects your loved ones financially if you pass away, while critical illness cover provides a payout if you're diagnosed with a severe illness. Many people combine these products for comprehensive protection against life’s uncertainties.

How much life insurance cover do I need?

The amount of cover depends on your personal circumstances, including your mortgage balance, outstanding debts, family’s living expenses, and future financial plans. It’s advisable to speak with a professional adviser to calculate the right level of coverage for your needs.

What factors affect the cost of insurance premiums?

Insurance premiums are influenced by factors such as your age, health, lifestyle, occupation, and the amount of coverage you require. Smokers and those with pre-existing health conditions typically pay higher premiums.

Is insurance protection tax-deductible?

Some insurance policies, like life insurance written in trust, can have tax benefits. However, tax treatment depends on your individual circumstances, and it’s best to consult a protection adviser or tax professional for specific guidance.

Can I change or cancel my insurance policy later?

Yes, most policies allow for changes or cancellations, but it’s important to understand the terms of your specific policy. Cancelling your policy could leave you without protection when you need it most.

How can I find the best insurance policy for my needs?

Working with protection adviser can help you find tailored insurance solutions. Advisers can compare policies from different providers, ensuring you get the best coverage and value for your money.

Can I have more than one insurance policy?

Yes, you can hold multiple insurance policies to cover different needs. For example, you might have life insurance, critical illness cover, and income protection at the same time. It’s important to review your coverage regularly to ensure there are no gaps or overlaps in protection. Consulting a financial adviser can help you coordinate your policies effectively.

Request Your Free Protection Quote or Contact Our Protection Advisers

Interested in protecting your life and loved ones? Fill out our quick form below and one of our expert protection advisers will be in touch to answer any questions you may have and provide free, tailored insurance quotes.

Award Winning Network

Beals Wealth Management are proud to be part of Quilter Financial Planning, an award-winning network celebrated for its outstanding customer service, innovative platforms, and exceptional financial strength.

Recognised for Service

FT Financial Adviser Service Awards 2024 - Five Stars (Platform, Pension, Investments)

Defaqto - Gold Service (Platform, Pension, Investment Bond)

Investment Life & Pensions Moneyfacts Awards 2024 - Best Online Service

Highly Rated Products

Defaqto - 5 Star rating (Platform, Personal, Pension, Drawdown & Onshore Bond)

Defaqto - 5 Diamond rating (WealthSelect, Monthly Income, Cirilium Blend, Cirilium Passive and Creation)

Money Marketing Awards 2024 - Best Retirement Provider

Exceptional Platform

Member of The London Institute of Banking and Finance

Schroders UK Platform Awards 2024 - Platform of the Year

Investment Life & Pensions Moneyfacts Awards 2024 - Best Wrap/Platform

Expert Financial Advice UK Wide

5 Star Rated Protection Advice UK

Protection & Insurance Advice

Protecting your assets