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Our insurance services are not strategically aligned to any life office or insurer, and have the sole aim of serving clients needs and objective.
Our Risk Insurance Service
Maintaining your family's lifestyle and financial well being in the case of you or your partner's death, illness or disablement is a crucial consideration. Westminster Wealth Solutions can provide you with advice and guidance on the range of insurance offerings that is available to families, individuals and businesses.
Personal insurance offerings we advise on include:
- Life insurance
- Total and Permanent Disability insurance
- Trauma insurance
- Income Protection insurance
Business insurance offerings we advise on include:
- Shareholder Protection/ Buy-sell agreements
- Key Person insurance
- Estate Equalisation measures
- Business Expenses Protection
Our advisers will work with you in establishing and maintaining a comprehensive wealth protection strategy. Our process is to undertake a detailed analysis of personal and business insurance needs to ensure that you and your family are protected in the event of your death, trauma or disability. For many of our clients their most important asset that they need to protect is their potential to earn an income to meet family lifestyle needs (such as education) and to repay debt (such as a mortgage).
We will assess insurance needs, quantifying cover required, ownership and beneficiary structures (and explaining the consequence of these on taxation and estate planning) to determine the most suitable policies with relevant definitions at competitive rates, negotiating with underwriters and managing the application and approval process.
In the case of business insurance protection, shareholder cover and key person insurance we understand that insurance coverage can have important implications from an estate planning and tax perspective, and we will work with your solicitor or account or other appropriate professional to ensure the policy ownership structure is relevant to your agreements and resolutions.
We recognise that the only reason for insurance is to protect yourself, your partners and your family in the event of death, disability or illness. Therefore our role in assessing your needs, advising on, and implementing the cover is important.
Of even more importance is assistance at claim stage. This can be an extremely stressful period for you and your family and our goal is to ensure that the claim process runs smoothly so that the benefit is received quickly.
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