PPS Mutual’s Post

Employees' Deposit-Linked Insurance Scheme (EDLI) acts as a safety net for employees, much like the Group Term Life (GTL) insurance. It provides essential financial security for employees' families in the event of an unforeseen tragedy. This mandatory scheme offers substantial coverage linked to an employee's Provident Fund balance. Employers can enhance these benefits further by customising EDLI coverage, reinforcing their commitment to employee well-being. #grouptermlife #EDLI #FinancialSecurity #Coverage #MIBL #EmployeeBenefits

The outcomes of the State of Health and Wellbeing Report of Accountants identified some key challenges accountants have with recommending insurance to their clients. Despite their understanding of the stakes, accountants often lack confidence in their own insurance knowledge and ability to successfully refer a client to a financial adviser. Resulting in them not refering their clients for professional insurance advice as much as they would like to. The remedy? Customised education and support, emphasising life insurance as the ultimate financial guardian. In essence, safeguarding the wellbeing of Accountants and their clients transcends mere numbers - it's the key to securing a resilient future for both individuals and society who rely on the expertise and advice of Accountants. Reach out to your PPS Mutual Distribution Team member to access the full report. You can also listen to PPS Mutual's Brian Billemer, Director of Distribution and Mark Neil, Strategy Consultant at Life Risk Strategies, discuss the paper in detail here 👉🏻 https://bit.ly/46GlcQW #ppsmutual #mutuality #profitsharing

It was confirmed in the recent UK budget that the UK Resident non-domiciled status will be abolished, result in significant implications for many in the UK and abroad. Patrick Joerin, Head of UK International, Scott Duncan, Wealth Planning Europe, and Gaetano Petrocelli, Head of Wealth Planning Life Insurance, provided their insights how this could impact investors. ➡️ Learn more about 360 wealth planning: https://ow.ly/U5HB30sIobJ

5 Key Reasons to Consider Whole of Life Cover and How an Adviser Can Help Whole of Life Cover offers lifelong protection, but why is it such a valuable option? Here are the 5 most important reasons to consider this type of policy: 🔹 Guaranteed Payout: As long as you keep up with the premiums, your loved ones are guaranteed a payout when you pass away, no matter when that is. 🔹 Estate Planning: Whole of Life Cover can help reduce the impact of inheritance tax, ensuring your family receives more of your estate. 🔹 Lifelong Coverage: Unlike term insurance, which expires after a set period, Whole of Life Cover stays in place for your entire lifetime, offering peace of mind. 🔹 Flexibility: Some policies offer investment components or allow you to adjust coverage and premiums over time as your needs evolve. 🔹 Legacy for Loved Ones: It’s a simple way to leave a financial legacy, ensuring your family’s financial future is secure. Why Work with a Financial Adviser? An adviser can guide you through the complexities of Whole of Life Cover, ensuring it aligns with your specific financial goals. From selecting the right policy to understanding the tax benefits and investment options, a financial adviser is key to making informed decisions and ensuring the policy fits your needs, both now and in the future. Have you thought about whole of life insurance? #WholeOfLifeCover #FinancialPlanning #InheritanceTax #FamilyProtection #StJamesPlace #FinancialAdviser

Key takeaways nicely summarized by Gaetano Petrocelli underlining the recognition and robustness of life insurance solutions as wealth and success planning tools: "The budget did not really affect life insurance and its treatment..." "... after April '25 the benefits of life insurance will be amplified". #ppli #uhnwi #wealthplanning #successionplanning

It was confirmed in the recent UK budget that the UK Resident non-domiciled status will be abolished, result in significant implications for many in the UK and abroad. Patrick Joerin, Head of UK International, Scott Duncan, Wealth Planning Europe, and Gaetano Petrocelli, Head of Wealth Planning Life Insurance, provided their insights how this could impact investors. ➡️ Learn more about 360 wealth planning: https://ow.ly/unUu30sI8aL

What if you could pay for your life insurance through company expenses? 🤔 Well, now you can. 😉 Relevant life cover pays a lump sum to an employee’s family or dependents if they pass and can be treated as an allowable business expense by HMRC. 💷 Paid through the company, premiums and benefits don’t count towards annual or lifetime pension allowances and aren’t a benefit in kind to the employee. 📈 Cover is available for up to £25m, and since plans are placed in a trust, claims are free from inheritance tax. 🫡 Find out more about relevant life cover at our website. 👇 https://lnkd.in/dMJuf_PM #RelevantLifeCover #BusinessInsurance #TaxSavings As with all insurance policies, conditions and exclusions will apply.

Practicing What We Preach: The Importance of Financial Habits In the world of Financial Advisors and Wealth Managers, we often counsel clients on the importance of saving, securing life insurance, and having critical illness cover. But how many of us actually follow our own advice? I believe in practicing what I preach. I personally have a Friends Provident International life insurance and critical illness cover of £150,000, which costs me £50 a month. This policy ensures that if I were to pass away, my family would receive £150,000 to cover funeral costs and support their financial needs. Similarly, if I were to fall seriously ill and couldn't work, the policy would provide £150,000 to help me live comfortably or invest for the future. Furthermore, I consistently save and invest monthly. These habits are not just recommendations I give to clients; they are integral parts of my own financial strategy. This approach underscores the importance of building strong financial habits that provide security and peace of mind. By practicing these principles myself, I can confidently guide my clients, knowing the profound impact these strategies have on ensuring financial stability and security. It is crucial for financial advisors to lead by example, demonstrating the benefits of disciplined saving and comprehensive insurance coverage. Let's build a community of financially secure individuals by embracing the practices we advocate. What steps are you taking today to secure your financial future? #FinancialPlanning #LifeInsurance #CriticalIllnessCover #Investing #Saving #FinancialSecurity #PracticeWhatYouPreach

It was confirmed in the recent UK budget that the UK Resident non-domiciled status will be abolished, result in significant implications for many in the UK and abroad. Patrick Joerin, Head of UK International, Scott Duncan, Wealth Planning Europe, and Gaetano Petrocelli, Head of Wealth Planning Life Insurance, provided their insights how this could impact investors. ➡️ Learn more about 360 wealth planning: https://ow.ly/BszF30sI2Y7

In the recent UK budget, it was confirmed that the UK Resident non-domiciled status will be abolished. This could have significant implications for many, both in the UK and abroad. Patrick Joerin, Head of UK International, Scott Duncan, Wealth Planning Europe, and Gaetano Petrocelli, Head of Wealth Planning Life Insurance provided their insights on what this could mean for investors. ➡️ Learn more about 360 wealth planning: https://ow.ly/BIoK50U9JnQ #360wealthmanagement