Protection means considering what is important to you

Get peace of mind and protect your loved ones from the unexpected with cover in the event of illness, loss of income or death.

Protection means considering what is important to you – such as your family and home – and making sure they are protected should the worst happen. The type of protection you require will depend on your personal circumstances so choosing the right policy is very important. Advice from Macbeth Scott & Co Life and Pension Services will help you navigate the maze and give you the confidence and security knowing that, in the best of times and in the worst of times, you and your family will have the protection they need.

If you have dependants or a mortgage, you should consider how you or your family would cope in the event of an accident or serious illness, especially if you are the sole earner.  Making decisions about what could happen is never a nice thought. However, putting plans in place to make sure your loved ones would be well looked after should the worst happen is much more comforting.

Term assurance

Term assurance is a plan designed to pay out a lump sum should you die or become critically ill within the plan term. Macbeth Scott & Co Life and Pensions advisers can help you to decide on the appropriate amount and timescale for cover. As there is generally no cash accumulation, the cost is relatively low. After the end of the term, the policy ceases with no further benefits due.

The benefits

  • Provides a cash lump sum to your family and dependants which can be used to pay off a mortgage, cover funeral costs, inheritance taxes, or just to provide an income boost when you need it most.
  • Fixed or increasing cover and premiums for the full term

Whole of life protection plan

Rather than taking out a policy to cover a specific term, this is a life assurance contract that is designed to give you a specified amount of cover for the whole of your life. A lump sum is paid out on death, no matter how long you live. Your premiums are usually guaranteed at the outset so you can include them in your overall budget.

The benefits

  • Leave a cash sum to your family and dependants or pay off a mortgage or inheritance taxes after you have died
  • Investment growth over the length of the policy can lead to a higher overall payment at the end.
  • Potential to mitigate the effects of inheritance tax.

Income protection

Life can be full of surprises and not all of them good, so it is an excellent idea to set some money aside in case you find yourself unable to work due to injury or illness. One rule of thumb is to ensure you have enough in your back-up fund to cover three month’s worth of your regular income, but that equates to a lot of savings and many people find it more comforting to know they have a policy in place that will step in if needed.

Combining your savings with an income protection policy could give you the peace of mind you need. This type of policy replaces part of your income (usually between 50% -70%) and pays out until you are able to start working again or retire. It is particularly relevant if you are self-employed or employed with no sick pay to rely on. Everything depends on getting the right policy, so talk to one of our advisers today for professional advice that will help you make the right choice.

The benefits

  • Regular tax-free income should you be unable to work, providing peace of mind for you and your family.
  • Fixed or increasing cover and premiums for the full term

Critical illness cover

Critical illness insurance will pay out a lump sum should you be diagnosed with a critical illness such as heart attack, stroke, cancer or any one of the illnesses specified in the policy. You will have the freedom to spend the lump sum as you wish: to pay for treatment, to make adaptations to your home or perhaps to replace lost income. Different policies cover different illnesses so it’s important to make sure you take out the correct plan. Independent advice from the team at Macbeth Scott & Co Life and Pensions will help you make the right decision and to find the best value policy for your circumstances.

The benefits

  • Provide a cash sum to you to spend as needed if you are diagnosed with a life-changing illness
  • Fixed or increasing cover and premiums for the full term

Why do I need advice?

Sound advice from an independent adviser will ensure you gain maximum security at minimum cost. At Macbeth Scott & Co Life and Pensions, we will conduct a full assessment of your income, outgoings, lifestyle and any health issues, identifying risk areas and establishing your needs for now and for the future.

Together we can identify your priorities, ensure that you find the best-value products on the market, and create a protection plan tailored to you.

Whether you are looking for life assurance, or an investment linked policy, at Macbeth Scott & Co Life and Pensions we can help find the right solutions.

Other services by Macbeth Scott & Co Life and Pension Services

Wealth management

Financial advice is relevant for everyone, at any stage of life

Wealth management


No matter where you are in life, paying into a pension is a critical investment in your future.



We have over thirty years’ experience in advising on corporate arrangements


Macbeth Scott & Co Life and Pension Services Limited is authorised and regulated by the Financial Conduct Authority.   You can find Macbeth Scott & Co Life and Pension Services Limited on the FCA register at

The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.  The FCA does not regulate tax or estate planning.  Please note that the value of investments may go down as well as up and investors may get back less than they invest.  Where these pages refer to investment performance it should be remembered that past performance is not a reliable indicator of future performance.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients.  Full details can be found at

Macbeth Scott & Co Life and Pension Services Limited is registered in England & Wales. Company number: 01144365. Registered Office: 3 New Road, Kendal, Cumbria, LA9 4AY.