Financial Protection
Why you might need protection?
Many families would struggle to make ends meet if a family member developed a serious illness or died. This is why it’s so important to ensure you have the right level of financial protection and insurance in place. Our specialists can give you the peace of mind that you and your family are protected against the unexpected.
The most common reasons for setting up financial protection are to:
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Protect your mortgage debt & home in the event of death and critical illness ensuring you and your family can remain in your family home
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Maintain your lifestyle and make any debt repayments if you became unable to work due to an accident or illness
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Provide for your family if you died or developed a serious illness
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Cover a future inheritance tax bill without the need to sell the family home
Ongoing Reviews
Your level of protection and insurance policies should be reviewed regularly to ensure they remain suitable. People’s needs and circumstances change over time but in general you should contact a financial planner to review your protection if:
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You get married or enter a civil partnership
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You file for divorce
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Your children become independent, or a new child is born or adopted
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You change jobs or retire
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You start up or sell a business
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There are changes to you or your partner’s state of health
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You make lifestyle changes, such as quitting smoking
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You take out or finish paying off a mortgage or other loan
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You receive an inheritance
Our protection specialists
We have a dedicated team of protection specialists who have a deep understanding of the insurance products available. They aren’t tied to any single provider – instead they carry out in-depth due diligence on all insurance providers and products, and maintain an in-house list of approved plans. This means that your financial planner can select the most suitable plans and features to meet the unique needs of your family.
You must bear in mind that an insurance policy will end if you do not make payments and there will be no cash value unless a valid claim is made.