Sociologist Zygmunt Bauman once said he had never seen anyone come up with an intelligent solution to finding an ideal balance between security and freedom. But Penco has come up with one that would have impressed Bauman, to say the least.
Our Penco Insurance policies give you the security to keep your lifestyle intact, and the freedom to focus on your personal and professional goals. We go beyond the old fashioned, formal contract formula; our policies put your aspirations at the top of everything so you can be sure that all your interests are preserved.
Modern citizens have become powerhouses of talent and drive and these qualities have an impact on how much we accumulate but also go through life. We study more, work more, live more. What we produce and obtain from such abilities should be secured.
Insurance for you (and your loved ones)
Life Insurance: This provides the peace of mind that in the event of your premature death you have adequate provision in place to ease the financial burden of your loss. We can help you understand your human capital and quantify the amount of cover and appropriate period of risk for you, so you have the right level of protection in place at the right time and cost.
Specified Illness Cover: It is often said that our health is our wealth which is why any serious illness can have a profound impact on your financial security. It is understandable not to want to think about the worst case scenario, and for most people serious illness falls into this category. While the chances of being diagnosed with a serious illness are surprisingly high, thankfully the prognosis for recovery is better now than ever before. However, the likelihood is that you may require specialist treatment and a sustained period off work to recover. Serious illness pays out a lump sum to ease any financial impact so you can concentrate on your physical and emotional recovery. We will help you determine the right amount of cover required to enable you to concentrate on getting back on your feet.
Insurance for your assets
Mortgage Protection: When you borrow money, whether it be to buy your home or to invest in your business, the lender will often insist on a policy to protect your estate and them against your premature death. We simplify the process and guide you through the various options available to you.
Income Protection: Most people would find it difficult to continue to meet their existing financial obligations should they find themselves unable to work for a period. Permanent Health Insurance and Income protection are designed to mitigate the risk of losing your ability to earn. This is particularly important for those who are self-employed as the state only provides limited assistance to this sector. As with any cover, it is about striking the right balance. You don’t need to cover your full income; just the essential expenditures. We help you to find a level of cover at a cost that you are comfortable with. An additional benefit of this protection is that you get tax relief on your premiums so this reduces the cost significantly.
Estate Planning: Many families are keen to pass their hard earned wealth on to future generations. However, in the absence of proper planning this can result in a significant tax bill for your beneficiaries. We help you gain an understanding of what these taxes are and guide you through the various strategies available to you so your estate is in a position to reduce, mitigate or discharge these liabilities when they arise.
The best of both worlds
Now you don’t have to choose between security or freedom. We have brought the best of both worlds in terms of protection for your investments. Penco is here to bring many more solutions to you life, so come talk to us today.