How a small business finance health check helped one member
The member in question was previously sold four protection policies by an insurer. He had life and critical illness policy that covered just five conditions, two of them only if he survived for 28 days after diagnosis or treatment, costing £22.75 a month
FSB IFS replaced this with a monthly cost of £14.49 (36% cheaper, covering 27 more conditions. This saved the member £3,000 in premiums over the policy's 31 years.
He also had two Income Protection policies covering accident and sickness. FSB IFS's trained adviser researched the whole marketplace for a better policy.
He set up a Permanent Health Insurance policy, paying better benefits, which also covered claims from day 1 of incapacity. It also worked out over £700 cheaper per year and will also pay benefits until he can work again.
His previous policies only provided benefits for up to two years. If the difference between the two premiums is the same when the policy ends at age 65, he will have saved £21,700
Remember, we offer a range of small business finance services from tax protection to banking. There's more online.