Cover For Family & Personal
For Your Loved Ones
and You
King Financial Services is a family business run by husband and wife team, Mark and Fiona King. Established in 2009, the business has been built on traditional values of trust and integrity. It has grown from being run out of the King family sitting room to dedicated offices in Mamhilad and Bournemouth with multiple employees and clients all over the UK. So, we understand our customer’s concerns and we are growing with our customers as their needs change!
Both Fiona and Mark specialise in protection but they are also able to provide market-wide advice. King Financial Services work with carefully selected partners that they trust to ensure that they can meet all of their client’s needs.
Life Insurance
Life insurance cover means that if the worst comes and you should die during your policy, a specified loved one or dependant(s) will receive either a lump sum or regular payments, which will be agreed in the terms & conditions of your policy.
For example, if you had a life policy which covered you up to £250,000 and then you passed away, your spouse, partner, child or other designated beneficiary would then receive that £250,000 from your insurance provider.
Not everyone needs life insurance of course, but if your household only has one income then your dependants could be left with bills & debts that they are unable to pay off if the main breadwinner were to pass on. Give us a call today to speak to one of our team and discuss setting up a policy or file a quote request online by pressing the button below.
Critical Illness
Critical Illness Protection means that should you be diagnosed with an illness or medical condition that is specified in your policy, you will receive a tax-free lump sum.
For example, if you took out a policy and were then diagnosed with diabetes you would then receive a payout if it was covered by your policy. However, insurer’s will only cover conditions specified in your policy and nothing else.
Most insurers include major conditions such as stroke, heart disease etc. However, some conditions are excluded by certain providers and payouts are often based on the severity of your condition.
If you think you might need a Critical Illness policy then give us a call today to speak with one of our expert team. They can walk you through the available options and conditions covered by different providers. They can also give you recommendations based on their extensive knowledge and experience.
Income Protection
Accident, Sickness & Unemployment
Accident Sickness & Unemployment policies are short-term income protection policies. These usually provide cover for 1 to 2 years and can either cover the cost of a specific debt or provide you with a regular income should you lose your job, have an accident or be diagnosed with an illness that stops you from working.
For example, if you took out a policy that covered your mortgage and then lost your job a year later, your insurance provider would cover the cost of your mortgage payments for you for the remainder of your coverage or up to a specified amount.
Long-term Income Protection
Long-term income protection will provide you with cover for a longer period of time than other income protection policies, however, they will usually exclude cover for unemployment or being made redundant.
For example, if you had a long-term protection policy and had to stop working due to a severe issue with your back 10 years later, your insurance provider would make a regular payment to you to cover your living costs, either up to a maximum amount or until you were able to work again.
By contrast, if you were made redundant your policy would not provide cover and you would not be eligible to make a claim on your policy.
Residential & Commercial Mortages
A residential mortgage is essentially a loan between yourself and the lender which is used to buy a property that will be a personal residence.
The lender (the bank) will pay the pre-agreed amount to the seller of the property and you, the borrower, then pay this amount back in monthly instalments over an agreed period of time.
Whether you are a first-time buyer looking to get on the property ladder or a high earning couple searching for a holiday home, getting a mortgage is a major financial decision; our expert partner can walk you through all the common mistakes & hidden pitfalls to avoid and advise you on the best options to meet your needs and budget.
Mortgage Payment
Similar to other types of income protection cover, Mortgage Payment Protection Insurance ensures that your home isn’t at risk in the event that you cannot make your monthly mortgage payments.
If for whatever reason, you find you cannot afford to continue paying off your mortgage, this type of insurance policy will usually cover the monthly costs for you for a period of around 2 years and ensures you don’t lose your home.
Funeral Plans
A pre-paid funeral plan is an agreement where you pay either a one-off lump sum or a monthly fee to your provider and they will cover the cost of funeral director services when your time comes.
This can help you beat the rising costs of funerals and save your loved ones the stress of arranging and paying for your final goodbye in the future, when prices may have increased due to inflation, etc. by fixing costs at current levels.
We work with the only funeral plan provider recommended by the Society of Allied & Independent Funeral Directors, Golden Charter, to ensure that our client’s needs are met and can have peace of mind knowing that their funeral plan is in good hands.
Private Medical
Private medical insurance covers you and/or your loved ones to receive medical treatments & consultations in a private hospital.
This means you could benefit from faster diagnosis including MRI, CT and PET scans, full access to private hospitals without the delay of NHS waiting lists, a private room if you need to stay overnight and treatments that aren’t available on the NHS, including options for dental treatment and prescription glasses, etc.
Home Insurance
There are several different types of policy for contents and building home insurance.
Depending on what cover you need, this type of insurance can cover damage to your home in the event of a fire, flood or other natural occurrences/disasters. It can also provide cover if your home is burgled or even cover accidental damage to furniture or electronics.
If you are covered and your home sustains damage from floods or your child knocks over your new TV, your insurance provider would cover the cost of repairs or provide a replacement of any damaged product covered under the policy.
The costs of insurance have risen significantly over the past few years, so give us a call today and we will find the best options for your budget and needs in a completely tailored package.
Wills & Trusts
Making sure your loved ones are cared for is something we at King Financial Services care about deeply, which is why we work with L.B. Jones Associates and Dorset Coast Wills to manage our client’s wills & trusts.
A will or trust is one of the ways you can ensure your property or belongings go to the people you want to have them when you pass on. There are many options, with various benefits, available, but our expert partner will be able to walk you through all the jargon and find the best fit for your needs.
Our partner, L.B. Jones Associates, are experts on Wills, Trusts, lasting power of attorney & inheritance tax issues and can advise you/your family on how best to structure your finances to preserve assets for future generations.
They can travel to you, meet you in the comfort of your own home and don’t charge a penny for initial meetings.