At Hoxton Wealth, we are committed to helping you protect Individuals and Business Owners.
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Insurance
Services • Insurance UK
Protection Planning for Individuals and Business Owners
Enjoy peace of mind with protection that keeps your financial security intact, no matter what life brings.
Protection Planning for Individuals and Business Owners
Insurance plays an important role in financial planning. While investments and pensions focus on building wealth over time, protection planning focuses on safeguarding income, family security and business stability if something unexpected happens.
At Hoxton Wealth UK, insurance advice is integrated into a broader financial plan. The aim is to identify potential financial risks and put appropriate arrangements in place, based on individual and business circumstances.
All advice is provided in line with UK regulation and tailored to personal objectives, affordability and long-term plans.
Why Insurance Matters
Illness, injury or death can create significant financial disruption. Without suitable cover, families may struggle to meet ongoing expenses and businesses may face operational or ownership challenges.
Structured protection planning can help:
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Replace lost income
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Repay outstanding debts such as mortgages or business loans
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Maintain family living standards
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Protect business continuity
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Provide financial clarity during difficult periods
Insurance policies only pay out subject to their terms and conditions. Cover should be reviewed regularly to ensure it remains appropriate.
Personal Insurance Planning
Life Insurance
Life insurance provides a lump sum or, in some cases, a regular income payment if the policyholder dies during the policy term.
It is commonly used to:
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Repay a mortgage or other debts
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Replace income for dependants
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Fund future expenses such as education
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Provide longer-term financial security for a partner
Policies may be arranged on a fixed-term basis, for example, to align with a mortgage term, or on a whole-of-life basis where appropriate.
The level and type of cover depends on income, liabilities, family structure, and long-term financial goals.
Critical Illness Cover
Critical illness insurance provides a lump sum payment if the policyholder is diagnosed with one of the specified serious illnesses listed in the policy.
Funds can be used flexibly, including:
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Covering household expenses during recovery
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Reducing financial pressure while unable to work
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Paying off debts
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Funding treatment or home adjustments
Each insurer defines qualifying conditions differently, so careful comparison of policy wording is essential.
Income Protection Insurance
For many individuals, income is their primary financial asset. Income protection insurance provides a regular monthly payment if the policyholder cannot work due to illness or injury, after a selected waiting period.
Key features typically include:
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Payments until recovery, retirement or the end of the policy term
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Choice of deferred period
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Coverage tailored to occupation
Unlike short-term sick pay arrangements, income protection can provide longer-term financial support.
Insurance for Business Owners
Business owners often face additional risks. Protection planning can help ensure that a business remains stable and operational if a key individual becomes ill or dies.
Key Person Insurance
Key person insurance provides funds to a business if a crucial employee or director dies or suffers a serious illness.
The payout may help:
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Offset loss of profits
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Cover recruitment and training costs
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Reassure lenders or investors
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Maintain operational stability
Shareholder and Partnership Protection
Where a business has multiple owners, protection arrangements can help ensure continuity if one owner dies or becomes critically ill.
Typically, this involves:
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A life or critical illness policy written in trust
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A legal agreement setting out how shares will be transferred
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Funding to allow remaining owners to purchase shares
Without suitable planning, shares may pass to family members who do not wish to be involved in the business, potentially creating uncertainty.
Relevant Life Plans
Relevant life insurance policies can provide tax-efficient death-in-service benefits for directors or employees of small businesses who may not have access to a group scheme.
These policies are arranged by the business for the benefit of the individual’s family and can form part of a wider remuneration strategy.
Tax treatment depends on individual and business circumstances and may change.
Our Approach to Protection Planning
Protection advice begins with understanding the broader financial picture. This includes reviewing:
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Income and expenditure
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Outstanding liabilities
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Existing insurance arrangements
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Business ownership structures where relevant
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Long-term financial goals
From there, Hoxton Wealth UK provides clear explanations of available options and recommendations suited to individual circumstances.
Protection planning is not a one-time decision. Policies should be reviewed regularly, particularly after major life events such as marriage, childbirth, property purchase or business expansion.
FAQs
The appropriate level of cover depends on income, debts, number of dependants and future financial commitments. A structured assessment helps determine an appropriate amount.
Savings may provide short-term support, but extended illness can place prolonged strain on finances. Income protection can help provide ongoing stability.
In some cases, premiums for certain types of business protection may be treated as allowable business expenses. Tax treatment depends on individual circumstances and current legislation.
Reviews are typically recommended annually or following significant life or business changes.
Why Work with Hoxton Wealth UK
Hoxton Wealth (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FRN 586130).
Clients benefit from:
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FCA-regulated advice tailored to UK rules
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Clear explanations without unnecessary jargon
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Integration of insurance within a wider financial plan
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Ongoing review and structured support
Protection planning forms one part of a broader wealth management strategy, alongside retirement planning, investment management, and estate planning.
Important Information
This page provides general information only and does not constitute personal financial advice or a recommendation. Insurance policies are subject to underwriting and acceptance by the insurer. Terms, exclusions, and conditions apply. Failure to disclose relevant medical or lifestyle information may affect claims.
Tax treatment depends on individual and business circumstances and may change in the future.
Hoxton Wealth (UK) Ltd (Company No. 11180844) is authorised and regulated by the Financial Conduct Authority (FRN 586130). Registered office: 101 New Cavendish Street, London W1W 6XH.
How Can We Help You?
If you would like to speak to one of our advisers, please get in touch today.
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