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Life Cover, Critical Illness Cover and Protection Planning
Many of us know someone who has died young, or who has had a serious illness, and a lack of protection planning can have a massive impact on family finances.
But how many of us have seriously thought about how long we could pay the bills for if we were unable to work, or if we were no longer there?
The cost of raising a child to age 18 is £166,000 for a couple and £220,000 for a lone parent. This does not include the cost of sending a child to university, which is also substantial.
The good news is that improvements in medical care mean we are now far more likely to survive serious illnesses; for example, 81% of breast cancer sufferers will now survive for at least five years after diagnosis.*
We all tend to think we are invincible, particularly when we are younger, which is probably a natural trait for human survival. The reality is quite different, and you can run a quick model to look at reality. A link to this is given below, which should be thought provoking. If this makes you think, please contact us to look at your options.
How can I plan for the unexpected?
Give yourself and your family peace of mind by ensuring you have the right protection planning and products in place. So, if the unexpected does happen, you’ll be better prepared for it.
It is important to make sure you not only have the right type of plan but also that the cover levels are right for your needs.
Can you check existing policies?
We can check any existing plans you have to make sure they are still suitable for you. If you have older schemes, or schemes that were arranged directly through a Bank or Insurer, you may be paying far too much for the cover you have.
If you would like to discuss any of these areas in detail with one of our advisers, or if you would like a quotation, please give us a call o 01543 410512.
*www.statistics.gov.uk. for women diagnosed during 2000 – 2004, March 2009.