Welcome to Vital Financial Solutions
Vital Financial Solutions of London (UK), offers a one stop specialist financial solution for anyone requiring advice on Life Insurance/ Life Cover, Pensions, Investments, Mortgages, Savings and Loans.
Whether it is to protect the Family, To Satisfy a Condition of Lending, or Cover Debts, we are able to source the whole of the market as an independent firm. We are able to obtain Quotes for Life Cover, Critical Illness Cover, Income Protection Cover and Key Man Cover very competitively and quickly. Please contact us to see how much it will cost and how much we may be able to save you if you already have cover in place.
We pride ourselves as experts in this industry and know the underwriting requirements of all the main insurers. As a result we are able to get policies set up in an efficient and timely manner. If you have taken out cover within the last 3 years, it is highly likely that we can save you money on what you are paying, as costs for cover have drastically reduced.
We offer following types of protection
- Life cover
- Critical illness cover
- Key man cover
- Income cover
- Whole of life plans
This is designed to provide a lump sum of money in the event of death. It is important to have should the unfortunate happen. The money can be used to pay off a mortgage, repay debts or alternatively provide money for funeral expenses. The cheapest type of life cover is Decreasing Cover. This is designed to pay off a loan, so as the loan reduces the cover reduces. This is primarily used for repayment mortgages. Level Cover provides a lump sum that does not reduce. It is often used for interest only mortgages.
Critical Illness Cover
This is designed to pay a lump sum, in the event of you being diagnosed with a specific critical illness. The illness’s vary, but typically most policies cover from 30 illness’s up to 40 illness’s including Cancer, heart attack, stroke, to name a few. It is recommended to everyone, whether you are married, single, have children or do not have children. If you are unfortunate enough to be critically ill, your focus should be on recovering, not worrying about how you will pay your mortgage or the rent and all the other every day bills. Critical Illness is a must for all! Please contact our advisor’s today for a quote.
Key Man Cover
These policies are aimed at business owners. When Banks are lending money for commercial loans they will often require that the business owner has cover in place. This is something we can help with. It can be for just life cover or life and critical illness cover. Alternatively you as a business owner, can take cover out on a Key Employee of the business, for example ” Your top Sales Executive”, or anyone that you think is key to the ongoing success of your business. The cover aims to avoid business disruption, should the worse happen to anyone that is vital to the business. Please contact VFS for a quote today.
This is designed to pay a monthly income, in the event of you being unable to work. Normally once, you have been off work for at least 4 weeks, you can generally claim. The main types of claims tend to be for stress or backache. The plan will pay out until you are well enough to return to work, die or payout until the plan comes to an end. The Income Protection Plans, tend to pay out, for the less serious illness’s but nonetheless illness’s that can still stop you from working and being unable to pay the bills. Please speak to one of our advisers today at VFS for a quote.
Whole of life plans
If you want to ensure that in the event of your death that your next of kin will financially benefit. This type of policy is available. We all know that one day we will die, however we don’t know when that day will be. Traditional Life Cover Plans will provide cover up to the age of 90. However if you want cover to go beyond the age of 90, the only type of cover available would be a whole of life plan. Whole of Life Plan’s are often taken out to help in terms of mitigating inheritance tax, especially if you believe that in the event of your death, your estate will have a large inheritance tax bill to pay. Whatever your situation, VFS can provide Whole of Market quotes for Whole.