Key Person Cover

Key Person Insurance

First Financial Solutions (Wales) has worked with businesses of all sizes and across many sectors to source the key person insurance that best suits their needs. It protects your business when the loss of a key individual could have a damaging effect on the firm’s profitability.

Imagine a fire or flood at your premises. With the right support and help your business could be back up and running reasonably quickly. The building, your equipment and stock can all be replaced and if you have the right insurance policies in place, this shouldn’t take too long.

If you lost a key person however, replacing them is not so easy, nor is it guaranteed. Key person insurance safeguards your business from the negative effects of the death of a key person or their extended absence due to critical or terminal illness.

*Tax treatment varies according to individual circumstances and is subject to change. These types of plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.

Who is a key person?
What can a key person insurance claim be used for?
Who should be insured as a key person?

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Securing the present. Protecting your future.
First Financial Solutions was founded in 2008 with a clear vision that we still carry; to make the mortgage and protectin process as painless as possible, by providing clear guidance and information to our clients throughout – from when their mortgage or insurance policy is taken out, through to full term or renewal.

We are independent and are directly authorised by the Financial Conduct Authority (FCA) which assures our clients that we have no network or product restrictions, and we also have a in-house compliance team that ensures our advisers are always supported and able to give first-class advice.

Why work with First Financial Solutions?
Whole-of-market mortgage and insurance advice
Full support throughout application through to completion and beyond
Committed to long-term customer relationships
Highly qualified and experienced mortgage advisers in South Wales
Dedicated experts in personal insurance and business protection
Flexible approach to working via phone, email, video conference or face-to-face
Based on 17 reviews.
Emma Lloyd
Emma Lloyd
Fantastic service from Gareth, Tahani and the team. They recently helped us with our mortgage to buy a new home, nothing was too much trouble and they were always more than happy to answer any questions we had. We would highly recommend.
Lindsey Washington
Lindsey Washington
Absolutely amazing service! Lewis helped us buy our first house and couldn't have been more helpful and always there to answer any questions . Great communication and attention to detail, I would recommend to everyone! Thank you so much!
Oliver Jeynes
Oliver Jeynes
Myself and my partner were buying our first home, using Gareth and his team really made our lives so much easier. Really great communication and everything ran smoothly from start to finish. Very professional and extremely reliable. I 100% recommend. Thank you again for everything.
Jordan Wilcox
Jordan Wilcox
I first approached First Financial Solutions in early 2019 to discuss our options for my wife and I to buy our first home together. Having not only just returned to the UK following 3 years living overseas but also myself being a newly registered sole trader we knew that our application was going to be challenging for our broker. Nevertheless Gareth took this information in his stride and guided us through the obstacles to expect and how we would overcome them. Together we made a plan for the next 12 months and stayed in touch for periodic updates. During this timeframe the coronavirus pandemic also emerged and added its own mixture of challenges to mortgage applications in general. During our periodic discussions Gareth managed our expectations as new requirements emerged and the goalposts were changed such as the lenders requiring a 15% deposit rather than the 10% we initially planned for. At no point were we waiting on any documents or correspondence from Gareth and found him and the company to be very proactive and prepared. Yes using a broker comes at a cost that you may be able to avoid by going through your bank but what you receive in exchange I feel is best described as the human factor. A bank will offer you one of the few products they have available and if you don’t fall into their limited categories then you’re simply unsuitable. First Financial Solutions searched the whole market for a product that best suited our personal circumstances, finding a mortgage that best fitted our criteria, instead of us trying to fit the criteria of the lenders. Gareth and the company as a whole were professional, passionate and are clearly highly experienced in their work. I would be pleased to recommend their services to any friends, family or business clients in the future. Thanks guys.
Ceri Dawes
Ceri Dawes
Absolutely fantastic service from Chris and his team, they helped us buy the home of our dreams and we will be forever grateful. Great communication and attention to detail, I would recommend to everyone! Thanks guys!
Andrew Harris
Andrew Harris
Fantastic service. Extremely helpful and professional.
James Morgan
James Morgan
Can’t speak highly enough of Gareth. Due to work comitments I was unable to attend the FFS (wales) office during office hours. Gareth gladly came to my home (after hours) and provided me with a mortgage at a much better rate than his competitors. Whilst he was here we got some insurances sorted. I now have critical illness and life insurance. Top service! Thanks Gareth and the team at FFS (wales)
David Darkin (Darkin Architects)
David Darkin (Darkin Architects)
Excellent, professional guidance and advice. I regularly recommend Gareth and the team to my clients, friends and family.
Adrian Williams
Adrian Williams
I would highly recommend the team at First Financial Solutions helped me to secure a mortgage on my new property. They were able to offer a full range of mortgages and dealt with all the paperwork that needed to be sent back and forth to the mortgage company. They also helped us arrange life insurances and some additional protection to pay bills etc in case of an issue or sickness etc. First Class Service!!
I would like to show my appreciation for the recent re-mortgage of my property under taken by Gareth Morgan and his team at First Finance Solutions. Gareth’s advice every week in BNI is that there is a better deal out there with regard to mortgages. Well here’s the proof. Gareth was able to save me nearly £100.00 per month on a fixed 5 year deal. The communication and attention to detail throughout the process was first class. I would highly recommend First Financial Solutions to anyone looking to re-mortgage.

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