Protection Planning
Why is it important?
Making sure that you are properly protected is one of the most important steps of Financial Planning.
You know that you need to have car insurance in case you have an accident while driving.
But what about insurances for other life events that can happen?
What happens if you become seriously ill and are unable to work?
If you’re prepared, you will have some emergency funds.
What happens when those funds run out?
What happens if you die? Are your loved ones and children adequately protected?
What about your business? Could it survive your absence through death or ill-health?
What about another key staff members?
Protection planning is all about making sure that should the worst things happen, that you don’t need to worry about where the money to pay for your commitments is coming from.
It allows you to have financial peace of mind and security.
Planning for the risks.
In the UK many people underestimate the likelihood of becoming ill and overestimate how much help the government provides.
You need to ask yourself, are you truly protected? We can help you prepare for the unexpected events in life.
So, why should you talk to us?
Protection planning covers a range of products and services and becomes even more complicated if you own a business.
On your behalf, we consult with numerous providers to make a plan that considers what you need from both a personal, and where appropriate a business position.
We help ensure that you, your business and your loved ones have the right insurances in place, just in case the worst does ever happen.
- Life Cover (including Term Assurance and Whole of Life)
- Critical Illness
- Income Protection
- Employee Benefits
- Private Medical Insurance
- Partnership Protection
- Shareholder Protection
- Key Person Insurance
- Relevant Life Plans
- Insurance for Inheritance Tax purposes
How much cover do I need?
That is a good question. To work out how much cover you need is not always straight forward. If the worst happens, you might want to ensure that you can:
- Maintain your current lifestyle
- Cover your mortgage payments
- Look after your children’s needs
- Pay for school and university fees
- Have your business continue for future generations
We can help you assess the risks, as well as advise on the level of cover that you may require. It’s often a contractual requirement in business.
Having the correct insurances in place provides you and your family with real peace of mind.
So, if you need advice about your Protection Planning requirements, then please complete our contact form or book a call with one of our advisers on 01832 279170.