At Enness we don’t only cater to the mortgage interests of our clients. Once our clients have completed on a mortgage they are referred to me, the resident Protection Adviser here at Enness. This is because protecting your main asset is a vital counterpart to obtaining an expensive mortgage, should the worst happen, you don’t want to add to your family’s burdens. I know that mortgage protection insurance is not the most exciting topic but here at Enness we try and make it as smooth as possible!
This case study explores how I helped a client who had amassed significant assets over the years through various entrepreneurial business activities. This client is similar to a number of our clients so hopefully you will be able to relate to both the circumstances and the mortgage protection insurance solution we delivered to him.
My client was in his 50’s. He felt he was not yet ready to engage in tax planning and his intent was to continue growing his wealth. However, he had a potential Inheritance Tax liability of c £5 million and required the comfort of knowing that, should he die, this will be paid and his family will not lose the benefits of his hard work to taxation. For this reason he was interested in exploring all mortgage protection insurance options I could offer him.