Protecting your family
When you think of financial planning, pensions and investments will spring to mind. But, whilst often overlooked, one of the most important aspects of financial planning is ensuring you’ve made provision for safeguarding yourself and your family from harm.
Putting in place a basic level of protection is probably cheaper than you think, and provides real financial security, and offers invaluable peace of mind.
What kind of protection do you need?
Our needs change over time, and it’s no different with insurance. Here are some typical scenarios:
- Young adult – Income protection to cover loss of earnings.
- Home-owner – Critical illness cover to pay off your mortgage.
- Parent – In addition to the above, life insurance should be put in place to protect your family.
- Later years – The need for income protection and life insurance decreases as children become independent, mortgages are paid off, and you accumulate savings for retirement. Inheritance tax protection may be an important consideration.
How we can help?
There is no ‘one size fits all’ approach with protection planning and it can be an emotional and complex matter. It is important that your insurance plan or life cover is tailored to you and your needs. There are lots of policies available on the market, and the sheer number of options can be overwhelming. Your needs are also likely to change as your family, work and life circumstances change too. We can help provide answers to the following:
