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 take advice to ensure you have the right level of financial protection and insurance in place. A recent study found that if they lost their jobs today, 7% of UK adults have no savings at all on which to fall back on, 18% would not be able to survive more than a month and 30% would be able to live off their current savings for up to six months.
Our specialists can give you the peace of mind that you and your family are protected, whatever the future brings.
Why you might need protection?
The most common reasons for setting up financial protection are to:
- Maintain your lifestyle and make any debt repayments if you became unable to work due to an accident or illness
- Provide for your family if you died or developed a serious illness
- Cover a future Inheritance Tax bill preserving your Estate for your children and beneficiaries
An unexpected illness or death can often leave your family in a precarious position – protection gives you the peace of mind that your family will be financially secure, whatever the future brings. It underpins all your other financial plans such as retirement and investments.