a fresh approach to arranging insurance
TRANSCRIPT
A fresh approach to arranging insurance
An insight into our private client insurance services for accountants, lawyers and other professional advisers
A conversation about insurance
Events such as death, sudden illness or injury can have a dramatic impact on our finances. That is why successful families, estates and businesses put in place insurance policies to guarantee a secure financial future even if the worst happens.
The John Lamb Insurance Broking team has a combined experience of advising individuals, families and business owners for more than 70 years about the important role insurance plays in their plans for growing and preserving wealth. We have a technical background in all aspects of financial planning, as well as relationships across an extensive network of insurers and reinsurers in the UK and abroad. This combination ensures our team has the expertise to see the wider picture and provide policies tailored to your clients’ needs.
What sets us apart?
Applying for insurance can be a lengthy, complicated and opaque exercise, particularly when insuring substantial sums. Our unique in-house underwriting process enables us to take control and ensures clients receive a completely personalised service.
Our insurance service is especially attractive to those with concerns regarding their medical history, hazardous sports or occupations, extensive travel patterns or residency and domicile.
The key benefits of our service include:
n Earlier understanding of underwriting concerns and the impacts on insurance premiums;
n Private medical examinations arranged UK-wide or abroad. All fees are met by us and results provided to clients at their request;
n Client anonymity can be maintained until terms are offered by insurers; and
n Obtaining the best insurance terms possible from the whole market.
Working together with you, we ensure you maintain an intelligent conversation about insurance.
Providing for inheritance tax
Life insurance is one of the most straightforward and cost-effective ways for your clients to preserve the value of their estates. A well-planned policy is particularly beneficial when there are illiquid assets of substantial value involved, such as property. We are able to arrange policies tailored to each client’s inheritance tax (IHT) planning needs.
We have an in-depth understanding of the planning requirements around UK IHT exposure. By keeping up-to-date with ongoing changes to tax and trust laws, we are able to stay one step ahead and implement strategic solutions including:
n Providing for family offices;
n Providing for trustees; and
n Providing for UK/non-UK resident and UK/non-UK domiciled clients.
Annual tax on enveloped dwellings (ATED)
With the introduction of ATED and the stamp duty land tax (SDLT) levied on the purchase of UK residential property by non-natural persons, life insurance provides an alternative, cost-effective planning solution.
Working with you and your clients, we arrange policies to protect against the potential IHT exposure realised on the purchase of UK residential property or on de-enveloping existing structures.
We have the technical understanding required to identify planning opportunities for you and your clients.
Providing for businesses
In today’s fast-moving global economy, businesses are subject to many risks. One of the greatest is the potential sudden loss to illness or death of key individuals who are essential to the ongoing success of the operation. We arrange comprehensive policies that inject cash into the business when it is needed most.
We have extensive experience of implementing insurance policies for senior managers, directors and owners against death, illness or disability. Working with you, we empower your clients by ensuring the continuity of their businesses and their ability to meet ongoing financial obligations, such as:
n Providing for loss of profits or repayment of debt;
n Providing for share buyout options; and
n Providing for families of employees or directors.
Protection for the self-employed
If your clients are self-employed, their families are particularly at risk of loss of earnings. Implementing suitable insurance policies prevents financial instability and an over-reliance on savings, investments or pension funds.
We help you understand the type of cover your clients require and advise on the appropriate level of protection. We establish a solution that matches their personal circumstances and needs.
Providing for families
Are your clients and their families protected against the financial impact of life-changing events? Insurance policies offer peace of mind against the unexpected, such as injury, illness or death. We arrange flexible policies that insure against specific financial burdens, such as mortgage payments and school fees or simply pay a tax-free lump sum if the unthinkable happens.
We understand family protection inside out. Our expertise lies in identifying the potential financial shortfalls and arranging policies appropriate to your clients’ unique circumstances, be that:
n Providing for death or terminal illness;
n Providing for critical illness; and
n Providing for accident or injury.
Planning for divorce
Life insurance policies can be a vital part of divorce proceedings, either to provide security against future maintenance payments or against a divorce litigation loan.
Working closely with you and your clients, we find practical solutions to meet their specific requirements. Policies can match an exact maintenance profile schedule to ensure a financial clean break is achieved or provide security for a lender who is funding professional fees.
Our in-house underwriting service ensures we are able to arrange medical examinations at short notice and manage the entire underwriting process in a way that other brokers cannot. This ensures a timely outcome as part of any litigation proceedings.
Providing for you
John Lamb Insurance Broking is a trusted partner of leading accountants, lawyers and other professional advisers throughout the UK. We enhance your client relationships with our expertise, providing advice and arranging appropriate insurance policies on behalf of your clients as well as managing insurance claims when necessary.
If you are looking for expert advice about insurance from one of the UK’s leading insurance specialists, we would be delighted to hear from you. Working together to complement your existing client relationships, our dedicated team provides the level of expertise and high standard of service your clients expect.
John Lamb Insurance Broking 34 Southwark Bridge Road London SE1 9EU
T. 020 7633 2222 E. [email protected]
www.jlib.co.uk
John Lamb Insurance Broking Limited is an appointed representative of John Lamb LLP which is authorised and regulated by the Financial Conduct Authority.
Paula Steele Managing Director
Rob May Head of Broking
Matt Rann Head of Underwriting and Claims