Wealth Protection & Planning
Introducing our Mogers Drewett Financial Planning team.
Whether you are looking to protect the wealth that you or a family member has built up over a lifetime or looking to build wealth to achieve long-term financial stability, our team of finance experts can help.
Recognising that wealth planning & protection requires both legal and financial advice, Mogers Drewett Financial Planners (MDFP) work alongside our legal teams to provide a truly seamless service that takes into account what you need now and what you are looking to achieve in the future. Wealth planning and protection advice from our legal team can be found here.
Our starting point is to achieve a detailed perspective of your aspirations and objectives and then our financial planners would create a bespoke plan.
Our wealth protection & planning financial services include:
Life Insurance
Life insurance is designed to leave a lump sum for your loved ones in event of your death. They are particularly useful for families who want financial protection in the event of the death of partner or parent to help repay a debt such as a mortgage or other loan. There are many different options available and so its important to speak to life insurance experts for help to find the most suitable policy for you based on your needs and affordability.
Critical Illness
For individuals or families who would struggle financially if they were unable to work or for those wanting the peace of mind that their finances are secure if they were unable to work, critical illness is a useful protection policy. Designed to pay out a lump sum on the diagnosis of a qualifying illness, this type of policy can be taken out on its own or added to an existing life assurance policy as an additional benefit. What illnesses are covered, and the quality of that cover can vary significantly and so our team of independent financial experts can guide you through the range of products available so you can be sure you have chosen the right cover for you and your family.
Income Protection
This type of plan is often seen as the foundation of any financial planning for anyone who is working (employed or self-employed) as without a regular income it is likely that other protection plans such as life insurance or critical illness might have to be given up.
An Income Protection plan is designed to pay out a regular income in the event that you are unable to work due to an accident or illness until the policy ends or you retire. It’s worth highlighting that even if your employer provides sick pay, it is unlikely to last for longer than twelve months and so ongoing income protection is essential. Our team at MDFP will work with you to ensure income protection plans compliment any existing protection you might have and are suitable for your requirements.
Tax efficiency
Tax-efficiency should always be a key focus in any plan. Our team of financial planners work alongside our legal experts to continuously review all areas of relevant wealth planning and protection including Inheritance Tax mitigation, tax efficient Wills, charitable giving estate planning and making future provision for care to ensure you always have the most tax efficient solution in place.
Protecting assets for future generations
Why pay more tax than you need to? With some smart planning to make the most of your exemptions and reliefs our team of tax experts can help you make the most of your estate, reduce your tax liability in the future and ensure your assets are protected so they can be passed on to your loved ones.
Pension
A good pension arrangement can be a very tax and cost-efficient way to build up a retirement fund, but pension legislation is very complex. Our team can help you understand the options available to you and ensure you are using any tax relief to enable you to maximise your pension contributions.
Next steps: get in touch
If you need financial advice on how to plan and protect your wealth, contact our financial planning team on: 01225 308333 or financialplanning@mogersdrewett.com
Mogers Drewett Financial Planning (MDFP) is a trading style of Centurion Wealth Management which is authorised and regulated by the Financial Conduct Authority (FCA). Registered in England and Wales Number 7001057. Registered Office: Channel Court, 8 Hill Road, Clevedon, Bristol, BS21 7NE
Meet the team
Frequently asked questions
Life insurance is usually the cheapest way to insure your life. It covers you for a fixed period and can pay out a one-off lump sum if you die during the policy term.
Critical illness can be added to a life assurance policy and will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.
Life assurance covers the policy holder for their entire life whereas life insurance only covers the policy holder for a specific term.
It depends on your specific circumstances. If you have savings that mean you could continue to pay your bills, including your mortgage if you were unable to work for a long period of time due to sickness then you might not need income protection. However, if being unable to work would mean you could not pay your bills or you want to protect your savings then income protection in the event of prolonged sickness is the best way to provide the peace of mind.
