PROTECTION PLANNING

Life Cover
Life insurance is the cornerstone of any robust protection plan. At Mitchell International Wealth, we offer various life cover solutions, including Term Assurance and Whole of Life policies. These life insurance products can provide a tax-free lump sum to your selected beneficiaries upon your death, ensuring your loved ones are financially secure in your absence.  

• Term Assurance: This type of life cover is straightforward and affordable, offering coverage for a specific period—usually from 10 to 30 years. If you pass away during the policy term, your beneficiaries receive the agreed sum. This can be particularly beneficial for covering outstanding debts or supporting your family’s lifestyle during critical life stages.

• Whole of Life: As a permanent life insurance option, Whole of Life policies remain active for your entire life as long as premiums are paid. This not only guarantees a payout when you pass away, but it also has a cash value component that can grow over time. The tax-free lump sum from both types of life cover can be arranged through a Trust to ensure your beneficiaries receive their funds promptly and securely.

Critical Illness Cover

Critical Illness Cover provides financial security during difficult times by offering a tax-free lump sum if you are diagnosed with a specified illness such as cancer, suffer a heart attack, or experience other covered conditions. This benefit allows you to focus on your recovery without the added worry of financial strain, giving you the freedom to seek the best care possible while maintaining your financial commitments.  

Income Protection
Income Protection is an essential part of a solid financial strategy, providing a percentage of your income if you are unable to work due to an accident or serious illness. This coverage ensures that you can maintain your standard of living and meet your ongoing financial obligations during challenging times. With various options available, we can help you select a plan that best fits your needs and lifestyle, ensuring financial stability during your recovery. 

Employee Benefits
For business owners and employers, offering robust employee benefits can enhance workforce satisfaction and retain top talent. Our services include assistance with the design and implementation of comprehensive employee benefits packages that encompass life cover, critical illness insurance, and private medical coverage. These benefits not only protect employees but also foster a loyal and productive workforce. 

Private Medical Insurance
Access to prompt medical care is crucial, particularly for expatriates who may not have access to their home country’s healthcare system. Private Medical Insurance (PMI) provides fast and flexible healthcare options, allowing you to seek treatment when needed—without the challenges of long waits or limited services. PMI can give expatriates peace of mind, knowing they have access to quality healthcare wherever they may be located. 

The Importance of Proper Protection While Abroad
Living abroad can bring unique challenges, including varying healthcare regulations and differing financial environments. As an international professional, having appropriate protective measures in place is critical to ensuring your financial security and that of your family. Whether it’s securing life insurance, critical illness cover, or income protection, we at Mitchell International Wealth are dedicated to providing tailored solutions that meet your specific needs while living abroad. 

Ensuring Security and Peace of Mind
At Mitchell International Wealth, our expert team is committed to helping you find the right protection planning solutions to secure your financial future. With personalised advice tailored to your situation, we ensure that you and your loved ones are shielded from life’s uncertainties. 

Don’t leave your financial security to chance.