Escom Ltd Logo

Tel: 01743 243555

Email: info@escomifa.com

Investments

Are you making the best use of any spare capital or surplus income
Click Here

Protection

How much cash would your family need to maintain their current lifestyle if you die prematurely
Click Here

Pensions

When do you want to retire and how much income will you need?
Click Here

Mortgages

Do you want to reduce your current mortgage outlay or are you moving home?
Click Here

Life and Protection Insurance

The cost of insurance, particularly life insurance has fallen over recent years, whilst the quality of cover has in many cases increased. With this in mind, it makes sense to periodically review your cover with the help of a professional financial adviser. This section provides helpful information on the different types of protection product available.

The Financial Conduct Authority does not regulate Trusts.


Although Critical Illness cover is sold by life assurers, there is a big difference when compared with life insurance - you don't have to die to benefit from the Critical Illness insurance policy. This type of cover is designed to pay out a lump sum in the event of you suffering from certain types of serious illness or if you have to undergo certain types of surgery as specified in the policy terms and conditions.
Income Protection Insurance is designed to pay you a regular monthly income if you are incapacitated and unable to work due to illness or injury.
Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
The name says it all. It's term assurance, as you only get a payout within the set 'term' e.g. 18 years. Its level, because the payout you get is fixed from the start of the term until the end. Level term assurance thus guarantees a known lump sum payout upon death within a fixed time e.g. £150,000 if you die within the next 18 years.
Mortgage Life Assurance is designed to pay off the remaining mortgage debt on repayment mortgages if you die within a set period. It ensures your dependants need not worry about repaying the mortgage if you die.
Whole of Life Assurance is designed to pay out in the event of death, whenever it occurs. The premium you pay also includes an investment element which helps to pay for the cost of cover over time. The cost of cover can be more expensive than term assurance, but there is usually a claim value too.
It's a sad fact that whilst most of us are quite happy to insure our car, our house and our travel arrangements to their full value, few of us take quite as much care over our health and loved ones. This guide will assist you in considering your own situation.

Personal Finance

LONDON (Reuters) - British banks increased their lending to consumers in August at the slowest pace in at least five months, industry figures showed on Tuesday, a day after the Bank of England said banks had to bolster their defences against consumer loan losses.
LONDON (Reuters) - British banks have underestimated the risks from a surge in consumer borrowing and need to hold an extra 10 billion pounds of capital to guard against future dangers, the Bank of England said on Monday.
LONDON (Reuters) - Hopes for higher wage growth across Britain are receding, apart from in a few sectors of the labour market that suffer from acute skill shortages, according to a report published on Monday by recruitment company Hays .
BRIGHTON, England (Reuters) - Britain's opposition Labour Party set out plans on Monday to nationalise billions of pounds of privately-funded infrastructure contracts, cap credit card interest charges, and get extra cash from large corporations.
LONDON (Reuters) - Britain's rock-bottom household savings problem, which has raised fears about unsustainable debt-fuelled spending, might not be quite so acute after all, according to the country's statistics office.