Protecting You and Your Finances
It is commonly the norm to make sure we have the important things covered for damage or loss and, as such, we insure our homes, or our cars and many of us, our pets.
It may be surprising to know that many people are under-insured when it comes to protecting those we love and the lifestyle we enjoy. Most, if not all of us will encounter some form of life-changing circumstances at some point during our lives, and sometimes these require difficult and potentially long-lasting consequences.
Whilst the "what if..." conversations can be uncomfortable to discuss, doing so and putting appropriate plans in place can provide some peace of mind, that in the event of a major challenge, our families are financially secure,
Financial advice isn’t just about investing and growing your wealth. It’s about looking after the people that matter.
Life Cover
Life cover is a term used to describe life insurance which can provide a cash lump sum in the event of your death.
By paying a monthly premium or a lump sum to your insurer for life cover, you can safeguard your loved ones from financial hardship if you die. Options include:
-
Term Assurance - for a specific period to cover things such as your mortgage.
-
Whole of Life - to cover things such as inheritance tax
-
Over 50 Plans - to cover funeral costs for example
Income Protection
Income protection is a slightly different type of insurance policy which still covers you if you are unable to work through injury or illness, but the payout is a regular payment, rather than a one-off lump sum in the case of critical illness cover.
Our advisers can help source the right level of cover for you, all dependent on your income and expenses.
Critical Illness
Critical Illness cover works similarly to life insurance in the fact that a policy will pay out a lump sum to assist your family, but as the name suggests this type of policy is to insure against certain illnesses or medical conditions of a specific severity, such as cancer or stroke for example. It can often be combined with a life insurance policy to ensure a payout in either circumstance.
Private Medical Insurance
Private medical insurance is a type of policy which covers the cost of medical treatment through private hospitals. This does not cover you for any loss of income, or any life insurance cover, but is designed to help get you treated more quickly, with the aim of reducing any time you need to take off work, and any potential loss of income as a result.
Divorce
The financial consequences of divorce are well documented and are undoubtedly a profound change personally and financially. Involving one of our advisers in the settlement process can help guide you through a very difficult period and to help you understand and plan your new financial future.