Protecting what
matters most
Have you considered how your family would manage financially if you were no longer here? It’s not a pleasant subject to think about, but putting some plans in place now can help to avoid significant hardship later on…
By discussing potential worst case scenarios, we can help you put plans in place to deal with these situations should they arise.
Most people have life insurance in place to cover their mortgage, but is this enough? It doesn’t compensate for the loss of lifetime earnings and pension contributions, or the potential extra costs of childcare or help at home.
How about if you were diagnosed with a serious illness, or unable to work long-term for health reasons? This could result not only in a reduction in household income, but also in additional costs, for example adapting your home or paying for care.
I have had consistently sound advise, and prompt reaction and response to enquiries and changing circumstances. First class level of support from Matt Beck and his team.
Michael Butler
The spouse of one of our clients passed away suddenly at a relatively young age, leaving behind them and their children who were still in full time education.
There was life cover in place which paid out a large lump sum and this made such a huge difference. It allowed them to delay their return to work, including a career change, gave them money to take their children away on a well-deserved break, and gave them financial breathing space.
The family had enough things to worry about – because of the life cover they put in place years before, money wasn’t one of them.
By openly discussing potential worst case scenarios, we can help you put plans in place to deal with these situations should they arise. The main areas to address are:
What would happen to your outstanding mortgage debt if you died before fully repaying? Our team can assist by guiding you to a suitable life policy, ensuring that your loved ones would be mortgage-free in the event of your death. our knowledge enables you to provide suitable cover at a fair price.
We can also help you decide how much additional cover you need to make sure your family is financially secure, and whether this should be placed in trust. We will take into account your current financial position and your goals for the future to ensure your loved ones are well taken care of.
A critical illness policy can provide a lump sum if you are diagnosed with a serious medical condition. Every insurer has their own list of conditions and they will all differ slightly in terms of the cover they offer. Costs can also vary and it can be difficult to work out if you are getting good value for money. We can help you find the right policy at the best price.
Sometimes health problems have longer-term implications. If you are unable to return to work, an income protection policy can give you some financial stability. This will pay out a regular income, either until you recover or until the policy expires. We can help you choose the most suitable policy for your needs and budget.
Are you financially prepared for injury, illness and other “disaster scenarios”? Check your protection with our 2023 checklist.
Whether you’re looking for help with your pension, remortgaging or creating an investment plan for the future, we have advisers who can help you to find the best solution for you.
