Protecting what you have and those you love
Many people only consider investments and pensions when thinking about financial planning, but one of the first things that you should think about is protecting what you have.
Insurance is one of the most cost effective ways of protection.
When it comes to the crunch, for many of us it’s family we first think of, family we worry about and family that gives us most happiness. The desire to shelter those nearest to us is fundamental.
However conversations about protection are often avoided because they deal with uncertainty and sadness and we often prefer to spend our money on the lighter side of life.
Much of the time we end up buying the odd policy sold to us by direct mail or from a one off meeting perhaps when we first take on a mortgage. Although some cover is better than nothing, there are many factors that need to be taken into account and most of us, particularly those with children, or with limited cover via an employer, are woefully uninsured.
We also offer income protection and critical illness cover as well as life cover.
No insurance policy can protect you from becoming ill but it can make it significantly easier to deal with the consequences. You can insure your income if you are still working (called income protection), insure yourself on specific illness (called critical illness cover) and use private medical insurance to help fund treatment.
We can help talk through what would happen if you died, fell critically ill or couldn’t work anymore and calculate what you might need to protect those you love. We will then suggest a suitable contingency plan to help ease the burden.
All initial consultations are without charge, so please give us a call to discuss today.