Have you got the Right Level of Financial Protection in Place to Protect Family?

You lose your job; a family member falls ill, you have a serious accident, or worse. Nobody likes to think about these things happening – but, unfortunately, sometimes life can throw unforeseen and unwelcome circumstances your way.

That’s why it’s best to plan for the unexpected with adequate financial protection, so you and your family can have peace of mind if situations like these ever do arise.

You might want to protect your income if you are made redundant, provide for your family if you fall ill, or help your dependants with finance after you have gone.

Life Cover, Income Protection and Critical Illness Cover provide the solid foundation of a sound financial plan.

Whatever your concern, there are a range of protection policies to suit you. The ‘independent’ status of your 2plan wealth management IFA means that they can research and recommend products and solutions suited to your needs from across the whole market. Many other advisers are restricted to the range of products they can offer, which means you may not receive the most suitable recommendation.

A range of potential solutions available include:

Income Protection

You work hard for your income and your lifestyle, but what happens if circumstances change and an illness or accident means you can no longer work?

Income protection offers peace of mind for you and your family, and should the policy be needed, it would pay an income to assist you with your normal expenditure such as your mortgage payments, your bills and to maintain your lifestyle if you experience an unexpected loss of income.

Critical Illness Cover

Nobody plans to get ill, but the financial repercussions of a critical illness can be difficult for you and your family.

Critical Illness cover can help to lighten the load by paying out a lump sum if you are diagnosed with any of the illnesses set out in the policy, so you have one less thing to worry about.There are a range of critical illnesses covered including Cancer, Heart Attack and Stroke.

Life Cover

How would your family cope if you were gone?

Macbeth financial advisers know that people worry about how their family would manage financially if anything were to happen, and Life Cover can provide the assurance that your family will not be saddled with unexpected financial burdens in the event of your death.This cover can help to provide your family with financial security, or help to pay off a mortgage or other debt.

 

If you’re thinking of protecting yourself and your family’s future, it’s a good idea to seek financial advice so you can better understand your options.

Learn more about our financial services for private clients

*Information correct as of 1st May 2016

Author: Simon Claxton | January 12th, 2015

Contact the author

Simon Claxton
Get in touch:   Reading: 0118 916 5480   London: 020 7036 8767   info@macbeths.co.uk