Insurance Services

Insurance is all about balance—finding the right combination of quality cover, including the type of cover, sum assured, and term, while managing monthly premiums. The ideal insurance cover may come with higher costs, and the cheapest cover might not provide adequate protection. That’s why we offer a matrix of options to help you choose the coverage that strikes the best balance for your needs. You can mix and match options to create the most appropriate and affordable solution for your family.

Apart from offering you a matrix of options to pick and choose from, we also make tailored recommendations. Over the years, we’ve found that providing three key options helps clients find the right balance between coverage and cost. These include an ideal cover, which offers the most comprehensive protection for those who can afford it, a budget cover that provides good value without compromising essential protection, and a mid-level cover that strikes a balance between the two. This approach ensures that you have a clear set of choices when selecting the best insurance solution for your family’s needs.

A trust is a very simple yet powerful option when it comes to life insurance. This makes the policy very efficient as well as helps keep the claim proceeds outside of one’s estate from an inheritance tax perspective.

At Nachu Finance, we encourage all clients to place the policy under a trust and help them understand the benefits while setting up the trusts correctly. This may mean a bit of additional work for both parties now in setting up the trust and later if and when the trust needs to be updated, but we are happy to do so in the interest of the policy’s effectiveness for the client.

Our holistic approach, which includes estate planning, means we appreciate and use trusts even better.

It is vital to review life insurance periodically to ensure the policy remains suited to the changing circumstances and requirements of the family.

At Nachu Finance, we proactively review our clients’ policies on a regular basis. We believe this is time well spent, and even if no changes are necessary, we take pride in knowing that the plan set up years ago is still relevant for the client and their family.

While older policies can be very hard to beat from a pricing perspective, in cases where the current policy does not adequately cover the family’s needs, we will recommend top-up covers. This allows you to keep the advantages of the old policy while increasing the protection for your family.

Having advised and arranged insurances for over 18 years, we understand that, unfortunately, there are times when clients need to make a claim on their critical illness policy or the life cover policy of a family member.

At Nachu Finance, we recognise that this is an incredibly challenging time for clients and their families. We offer our full support throughout the claim process, assisting with filling in claim forms, providing the required evidence, and following up until the claim has been successfully paid.

Our holistic advice, which includes estate planning and a deep understanding of how trusts work, comes in handy during these moments. With our long-term, relationship-focused approach, we never hesitate to go the extra mile—especially at this time when the client and their family need all the support they can get.

A family planning to purchase their first home approached us for advice and obtained an Agreement in Principle to begin their house-hunting journey. Following our recommendation to protect the family in light of the mortgage, they started a life insurance policy early on.

Tragically, before they could proceed with their home purchase, their child was diagnosed with leukaemia, which put their plans on hold. Fortunately, we were able to assist them in making a successful critical illness claim for their child’s condition, providing much-needed financial support without affecting their own critical illness cover. The family were unaware that the policy included free child critical illness cover and appreciated the proactive approach that made a big difference at a very difficult time.