75point3 - Personal Protection

Glossary Have a chat with our experts today T: 01492 877299 E: info@75point3.com W: 75point3.co.uk We are Chartered Financial Planners, publicly committed to a customer first approach and values that align with a professional Code of Ethics. 75point3 Limited is authorised and regulated by the Financial Conduct Authority – No: 418618. Registered Office: 14 Penrhyn Road, Colwyn Bay, Conwy, LL29 8LG. 1. Personal Information Check We are legally required to obtain proof of your identity before we can advise you. You will therefore need to bring a number of personal documents (including at least one photographic) to the meeting to show your Adviser from the list below: • Valid UK Passport (Check it is still in date and not expired) • Valid UK Driving Licence (Must have your current address on) • 3 months’ most recent payslips or if self-employed 3 years tax calculations/SA302’S • 3 months’ most recent bank statements • Proof of Deposit • Any personal finance that you have outstanding such as credit card statements, personal loans or car finance 2. Information Agreements Your Adviser will ask you to provide details of any existing plans or policies. Information agreement forms are signed for each policy to give 75point3 the authority to request details from the policy plan/provider. This valuable information allows us to find protection strategies suitable for you. 3. Fact Find Your Adviser will complete a fact find ensuring that they fully know and understand your situation and requirements. The fact find will help identify what is relevant and also helps to prioritise any actions required. We aim to ensure that the personal information that we retain about you, is accurate, complete and up to date. 4. Paraplanning Our paraplanning team works closely with our Protection Advisers and Administrators to provide our clients with a professional and seamless ongoing protection planning experience. The Paraplanners undertake product research, obtain illustrations and use analytical software to review a client’s existing arrangements. This research is then pulled together into a detailed suitability report for the Protection Adviser to review before it is presented to the client. When time permits, Paraplanners may attend client meetings with the Protection Adviser, as it enhances the client relationship and also gives the Paraplanner a greater understanding of the client’s particular circumstances and objectives. 5. Underwriters Underwriters evaluate and analyse the risks involved in insuring people and assets. Insurance Underwriters establish pricing for accepted insurable risks. The term underwriting means receiving remuneration for the willingness to pay a potential risk. Underwriters use specialised software and actuarial data to determine the likelihood and magnitude of a risk.