Questions?
We have answers.
Should I put my insurance policy into a trust?
Putting your policy in trust means the payout won’t form part of your estate - potentially reducing inheritance tax and speeding up access to funds for your beneficiaries. It also gives you more control over who benefits and when. It is important to seek advice as trusts are a complex area and may be suitable dependent on your personal circumstances. We make the trust process straightforward and ensure your wishes are clearly documented.
If I have enough capital, do I still need protection?
Many high-net-worth clients technically could self-insure, but insurance is often about smart planning, not just capacity. Insurance can preserve your capital, manage tax more efficiently, and ensure liquidity exactly when it’s needed - avoiding the need to disrupt your investment strategy or liquidate assets at an inconvenient time.
Can Finura help with protection for my business?
Absolutely. Business protection is crucial to keeping your company resilient in the face of unexpected events, such as the illness or death of a key employee or director. We offer advice on relevant life plans, key person insurance, shareholder/partnership protection, and business loan protection - ensuring your business can cover debts, maintain profits, and transfer ownership smoothly if needed. This support also adds credibility with investors, lenders, and employees.
Is paying insurance premiums really worth it?
While we all hope never to make a claim, insurance is more about impact than probability. If illness, injury, or loss of life were to occur, would your family or finances be secure? In 2023, UK insurers paid a record £7.34 billion across over 275,000 life and critical illness claims - proving that real families and businesses need support more often than you might think. For most people, the peace of mind far outweighs the cost.
I have protection through work – is that enough?
Workplace insurance provides a valuable foundation, but it often has its limits. Cover is typically capped at a multiple of your salary, may end when you leave your job, and often lacks flexibility in how or when benefits are paid out. We regularly review workplace benefits for our clients and can help you ‘top up’ where needed, so your protection is properly tailored to your actual lifestyle and future needs - not just your job title.