We want to ensure that you fully understand how our investment service is provided to you and the terms and conditions of the service. Please ensure that you review the documents below before you take out an investment with us. Thank you.

Key Facts about our Services and Costs

Terms of Business

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Insurance Services

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Expect the unexpected – how well prepared are you for life’s challenges?

At Goldstone Wealth we have helped a large number of businesses over the years to protect their business via our “Business Liability Audit” review.

Our advice around business protection solutions could be the one thing that keeps your business going if the worst happened.

We will spend time understanding your business and complete a tailored “Business Liability Audit” which will highlight risks to your business and then provide appropriate solutions to mitigate these risks giving you peace of mind to continue to grow and develop your business.

Insurance Cover Options


It’s always difficult trying to prepare for the unexpected, but Goldstone Wealth can give advice on a range of protection policies to help you and your family do just that. Taking action now, can mean that when the unexpected happens you will have the necessary financial support to help you take difficult decisions. We’ll help you choose from the large range of financial solutions and help you select one that offers the best cover available for your circumstances in the event of unemployment, illness or even death.

Personal Cover Options:

Level Term Assurance (LTA)

Affordable peace of mind

Although you’d never guess it from its title, Level Term Assurance is a great way to help you and your family should the worst happen.

Our Level Term Assurance plans can be set up to provide a lump sum in the event of death, the diagnosis of a terminal illness and the diagnosis of a critical illness.

LTAs are pretty straightforward to set up and give real peace of mind however long you choose to run them for.

Convertible Term Assurance (CTA)

Total flexibility

Convertible Term Assurance is just like Level Term Assurance but with one big difference. As the name suggests, Convertible Term Assurance lets you convert the policy, usually at the end of the term.

That means you can quite easily change your policy to something like an Endowment Policy, but best of all it’s unlikely that you’ll have to go through the bother of further medical underwriting.

Family Income Benefit

Looking after your family

A Family Income Benefit ensures that your family is still looked after financially even if the worst should happen to you.

Say, for example, you are earning £25,000 per year. If the unexpected was to happen and you were to pass away, your family would be £25,000 per year worse off.

If you had a Family Income Benefit plan in force, however, you can ensure that your family is looked after even after you have gone. It is also possible to obtain cover that protects in the event of serious illness such as Cancer or Heart Attack.

Whole of Life Plans

Planning for the future

As the name suggests, a Whole of Life Plan provides cover for the whole of your life with the amount of cover being paid out on death, or Critical Illness if this option is chosen.

The plan is flexible and can be adjusted from time to time to ensure that it continues to provide you with the cover you require. Premiums may be fixed for the first 10 years, and are then reviewable thereafter.

Whole of Life plans are often used to provide benefits to cover final expenses such as funeral arrangements and Inheritance Tax planning. It is recommended that financial advice be sought by Contacting Us.

Mortgage Protection

Protecting your family’s home

In the event of death, the diagnosis of a terminal illness or the diagnosis of a serious illness, a Mortgage Protection Plan will help make sure that your family home is not lost.
Here’s how Mortgage Protection works:

In the event of death, the diagnosis of a terminal illness or a critical illness, a lump sum will be paid out to repay the outstanding loan.

The amount of cover decreases in line with the outstanding mortgage balance, and is therefore typically lower in cost than a level term assurance.

To find out more about Mortgage Protection please Contact Us for a whole of market quote.

Permanent Health Insurance

Providing a regular income

In the event of a long-term illness or disability, a Permanent Health Insurance Plan will provide a monthly income until you get back on your feet.

Here’s how it works:

When you set-up your policy, you choose how long you need cover for, usually until retirement age.

Should cover be required, on the diagnosis of a long-term illness or disability, the plan will begin to pay benefits after an initial deferred period. This is usually after an employer has stopped paying sick pay, so, if your employer provides sick pay for six months, the Permanent Health Insurance Plan will provide you a monthly income from the 7th month of your illness, or disability, onwards until you either return to work or reach retirement age.

Usually, the monthly income will be around 60% of your pre-tax earnings, less any other benefits you might receive.

It’s really important to have a Permanent Health Insurance Plan if you have any financial commitments such as a family to support, or a loan or mortgage that still need to be repaid even if you are unable to work.

Critical Illness Protection

A financial lifeline

Critical Illness Plans guarantee to pay out a cash sum if you are diagnosed with a specified critical Illness within the term of the plan.

Many people take out life insurance to protect their loved ones in the event of death, however the impact of a critical illness on a breadwinner may be more of a burden to the family than if they were to die.

Financial compensation on diagnosis of a critical illness will not provide a cure, however it will ensure that your financial situation is one less thing to worry about. Contact us today for a free no obligation quote.

Private Medical Insurance (PMI)

Providing costs of private health care.

After the start of your policy, Private Medical Insurance is designed to cover the cost of private medical treatment for ‘acute conditions’.

Some private medical insurance policies may cover certain types or elements of treatment for chronic conditions or other long-term treatments; however this is not the main purpose of this cover. Neither is PMI designed to replace services offered by the NHS, instead it is made to work alongside this service. In all cases you retain your right to access to NHS healthcare.

Some reasons that Individuals usually buy this type of insurance is to ensure that they have access to healthcare when they need it, a prompt referral to a consultant, fast admission to hospital, treatment at a time convenient for them, direct care by a consultant, advanced treatment options and high quality hospital accommodation and private clinic facilities.


Many people believe arranging business protection to be a lengthy and complicated process. But actually, the principles are similar to any other type of protection.

The most significant differences are:

  • Business protection generally incorporates higher sums assured.
  • A claim may be paid to a business, not a family member.

Business Cover Options:

Some Questions for Business Owners to Consider

The following questions will help you understand how well protected your business is to unforeseen events.

  • Do you have any key individuals who contribute heavily to profits?
  • Does the business have any unprotected loans or debts?
  • Would you want your estate to receive the value of your share in the business in the event of your death?
  • If a fellow business owner died, would you want to retain total control of the business?
  • In the event of the death or critical illness of a key person or business owner could a cash injection help secure your future?

If you have answered Yes to any of these questions you should consider contacting us today to arrange a free initial meeting to discuss your own Business Liability Audit.

Key Person Protection

Many businesses try to protect themselves against every eventuality – buying insurance for their buildings, contents, cars and materials.

Unfortunately many don’t cover their single biggest asset – their employees. What would happen if your business lost a key employee? What would happen if one of your shareholders or directors was to die?

Key Person Protection (Profit Protection) helps safeguard a business against the financial effects of death, terminal illness, or critical illness* of a key person.

The loss of a key person may result in reduced sales, loss of profit/turnover, wasted time, recruitment costs, and the disruption of development plans or increased workloads for the remaining staff.

Who is a ‘key person’?

A key person is an employee whose death or continued absence would affect the profits of the business. Key people are individuals whose skills, knowledge, experience or leadership are important to a business’ continued financial success. Examples of a key person include, but are not limited to:

Sales director
IT specialist
Managing director
Head of product development
Technicians and R&D personnel

How does it work?

Key Person Protection (Profit Protection) is life assurance or life assurance and critical illness cover (if chosen) written on the life of the key person but owned by the business so that any money due becomes payable to the employer. The business pays the premiums. This applies to both Limited Companies and Limited Liability Partnerships. With a partnership, the policy is written on an own life basis and may be placed in trust for the benefit of the other partners.

Partner/Director/LLP Share Protection

What is Partner/Director/LLP Share Protection?

The loss of a business owner may destabilise the business and can quickly lead to financial difficulties. Partner/Director/LLP Share Protection means if the worst does happen, the remaining partners/directors/members could stay in control of the business.

How does it work?

In the event of a business owner dying or becoming terminally or critically* ill, Partner/Director/LLP Share Protection can provide a sum of money to the remaining business owners. This means that in the event of a valid claim the policy could pay out an amount sufficient to help purchase the deceased or critically* ill partners/directors/members interest in the business.

* If critical illness cover is chosen as an additional option.
Goldstone Wealth via your tailored “Business Liability Audit” can help highlight to you estimates around the value of your business and assist you with establishing the required sums assured for shareholders or partners.

Business Loan Protection

What is Business Loan Protection?

The loss of the person(s) who have guaranteed a loan is particularly serious for a business. Business Loan Protection helps your client pay an outstanding overdraft, loan or commercial mortgage, should the guarantor die or become terminally or critically* ill.
* If critical illness cover is chosen as an additional option.

How does it work?

Business Loan Protection is life assurance (sometimes life assurance and critical illness cover) written on the life of an individual or individuals. When a valid Business Loan Protection claim is made, a sum equal to the outstanding debt could be paid to either the business or directly to the lender.

Relevant Life Insurance

What is Relevant Life Insurance ?

Relevant Life is a life insurance policy available to employers to provide an individual death-in-service benefit for an employee. It can help smaller businesses attract and retain high calibre staff by offering them attractive benefits packages that are also tax-efficient. It can also be a tax-efficient way for sole traders to take out life insurance.

What Are The Main Benefits of Relevant Life Insurance ?

One of the main ones is that there can be tax benefits for both the employer and employee.

  • Employer benefits:
  • Corporation tax relief (so long as the premiums are wholly and exclusively for the purposes of the business)
  • No National Insurance contributions to pay on the premiums paid to fund the Relevant Life policy.

Employee benefits:

  • No National Insurance contributions to pay on the premiums paid to fund the Relevant Life policy
  • Benefit won’t be taxed as a benefit in kind
  • Premiums and benefits don’t count towards annual or lifetime pension allowances.

Relevant Life cover are generally portable, so the person insured can take it with them if they move jobs. They can then either continue making the policy payments themselves, or ask their new employer to take over this payment as part of their benefits package. Any employer who makes the payments on their employee’s behalf may be eligible for corporation tax relief on the premiums.

This information is based on our understanding of current legislation, taxation law and practice, which may change. The value of any tax relief depends on the individual circumstances of the investor. Please contact Goldstone Wealth for further details.

To arrange a “Business Liability Audit” for your business please contact Goldstone Wealth today.

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