Financial protection

Peace of mind, whatever life throws your way

Protect everything that matters - your family, your income, your health, and the business you’ve worked hard to build.

We all hope life will go to plan - but, as history proves, the unexpected can and does happen. From recessions to pandemics and rising inflation, even the best-laid financial plans can be shaken overnight.

Whether it’s your health, your income, or your ability to work, protection planning creates a vital safety net - giving you security and choice when life doesn’t go to plan.

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What we protect

We help you safeguard:

Your income
Your lifestyle
Your family and dependents
Your debts and liabilities
Your health
Your business (if applicable)

Whether you’re an individual or a business owner, we’ll review your current cover, identify gaps, and build a cost-effective, tax-efficient protection plan tailored to your needs.

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Using trusts to maximise impact

Where appropriate, we’ll help you select and set up the right type of trust for your wealth and policies, so any payments:

Stay outside your estate, reducing exposure to inheritance tax
Reach the right people, at the right time – quickly
Give you greater control and peace of mind

We guide you through every step – from policy selection and underwriting, to trust setup and ongoing claims support – ensuring your protection strategy is both efficient and effective.

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Rethink workplace cover

Many people rely solely on employer-provided insurance. But workplace cover often:

Ends when you change jobs
Isn’t enough for your financial needs
Ignores medical history or preexisting conditions

We help you supplement or restructure your cover so you’re protected on your terms – not just your employer’s.

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Protecting more than just profit

If you’re a business owner, your company is likely your biggest financial asset – and its value depends on people, continuity, and confidence.

We help you:

Insure key individuals
Build shareholder or partnership protection
Safeguard your income and legacy
Align business and personal cover into one cohesive plan

Whether you’re protecting revenue, employees, or your exit strategy – we make sure every piece fits together.

End-to-end support, every step of the way

From policy selection to underwriting, trust setup to claim support—we’re with you through the entire journey. So your protection strategy is not only effective, but easy to manage.

Let’s review your protection strategy

Stay informed

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Protection FAQs

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.

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.

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.

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.

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.

What’s the value of arranging insurance through a financial planner?

A financial planner ensures your insurance arrangements are shaped by your overall financial picture. We base our recommendations on a thorough review of your lifestyle, financial gaps, and goals, then build a protection plan that targets your real needs at the best value. We can also source specialist policies for unique medical backgrounds or requirements, providing truly personalised cover.

Are there differences between insurance companies?

Absolutely. Insurers vary in their underwriting, coverage, pricing, and the types of conditions or lifestyles they’re happy to cover. Some might be better for certain professions, medical histories, or sports. We use our experience and market knowledge to identify which provider - and policy - best meets your specific needs.

What’s the difference between critical illness cover, income protection, and private medical insurance?

Critical illness cover pays a lump sum if you’re diagnosed with a specified serious illness (like cancer or heart attack). This helps with bills, debt, or adjustments to your lifestyle while recovering.

Income protection (also known as permanent health insurance) pays a regular income if you can’t work because of illness or injury - covering you until you either return to work, retire, or the policy ends. It covers a wider range of health issues than critical illness and offers longer-term reassurance.

Private medical insurance covers the cost of medical treatment, giving you rapid access to consultations and care, typically in private hospitals. However, it won’t pay out lump sums or replace lost income.

We’ll help you find the right type, or mix, of cover so you and your family are fully protected.

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. For guidance, seek professional advice. The Financial Conduct Authority does not regulate estate planning or tax planning.