Financial protection has never been so important

We don't want to have to think about becoming ill or having an accident which could impact our ability to provide financially for our loved ones.

Yet the truth is, we cannot predict the future and finances are often more vulnerable than you think. Having the right protection in place could provide valuable peace of mind should the worst happen.

Some of the ways you can provide financial protection for your family

Life insurance

A life insurance policy could pay out if you die, leaving your loved ones money to support them financially, with different types of life insurance policies available based on your needs.

Critical illness cover

Critical illness policies are designed to pay out a lump sum on the diagnosis of a specified illness. This could be used for medical treatment, modifications to your home or as a financial cushion during this often stressful time.

Income protection

Income protection is designed to pay out a monthly income to replace a proportion of your earnings should you become too ill or injured to work to help you cover your monthly expenditure.

Protection policies have no cash-in value at any time. If you don't pay your premiums on time your cover will stop, your benefits will end, and you'll get nothing back. If the benefit amount has not been paid out by the end of the selected term, the policy will end and you'll get nothing back.

The value of protection

In an uncertain world where unexpected events can disrupt our financial stability, having a safety net becomes crucial. Financial protection insurance products offer numerous benefits that could not only safeguard your financial wellbeing, but could also provide valuable peace of mind during difficult times.

Questions to ask yourself

What if something happens to me?

Illness, death and finances tend to be topics people avoid discussing around the dinner table. Whilst it’s understandable that having these conversations with loved ones could be upsetting, planning for the unexpected may be able to provide a sense of control and peace of mind. Here are five things you could do to help with your family's financial future.

Do I need income protection?

Every day people find themselves unable to work due to a serious illness or injury, yet not many of us think to put financial protection in place should the worst happen. If something unexpected happened to you, could you and your family survive on sick pay or your savings, never mind maintain your current lifestyle?

Planning for later life care

There are many options available to self-fund your long term care, each with its own pros and cons. We all know that we will retire at some point, but estimating care needs is more tricky. Even so, just as early pension planning could afford you a more comfortable retirement, planning ahead for any potential care costs is sensible.

Do you want to take control of how you pass on your wealth?

We believe family conversations around managing wealth in later life and passing it on to the next generation have never been so important. Estate and inheritance planning could help you to pass on your wealth smoothly and efficiently, manage the tax bill, and avoid family disputes.

Let's start with a free initial consultation

We'll begin with a free, no obligation conversation to understand if our service is right for you. There are no hidden fees or charges, and you’ll only pay if you choose to go ahead with the recommendations in your personalised financial plan.