HOW TO PROTECT AND ENSURE SHE HAS THE BEST FUTURE POSSIBLE

ISN'T SHE ADORABLE?

As a parent, you want to ensure she has the best start and future possible; all that money can buy. You make plans for her future; you ensure she is safe, well feed and looked after. You look outwards, wonder what she will become; you pray her future is not disadvantaged and she can thrive. You equip her with the life skills she will need.

But WHAT IF?

As a financial advisor, my responsibility is making sure this is more than a holiday, more than the latest iPad and even more important than a place at the outstanding school in the area corner. 

My responsibility means I must ask you about the 'What If ' situations.

What if you lose your income, due to an injury or sickness?

What happens if you or your partner has a serious illness? And;

What happens if you die before she reaches independence?

… ANSWER

-it's hard to answer if you haven't thought about it or put things in place. 

However, as a parent, I know you have sat and watched your child sleep and wonder what if but can I plead with you and request; you do not put that thought out of your mind, act on it.  Seek out the information you require and gain the advice of a professional advisor.

The SOONER the BETTER

You want to ensure you have covered all basis and you have done the very best to make sure, if any of the situations mentioned were to arise, you have put plans in place and made provisions for her future.

AM I RIGHT?

A family protection specialist comes in vital at this stage. They can unfold the benefits of life insurance, serious illness, income protection. Still, specifically to this point, they will look at family income benefits and multi-benefits plans to suit your individual family needs. Every household and family is different even if they have the same number of children and circumstances; they hold unique wants and aspirations for the future.

A few explanations of the type of financial products that can assist in this task

WHAT IS FAMILY INCOME BENEFIT?

This is essentially the same as term insurance, but instead of a lump sum payout on death, there is a regular income paid to your beneficiaries. This type of policy may be more suitable if your main requirement is to ensure that your dependents are provided with ongoing financial support.

WHAT IS SERIOUS ILLNESS PROTECTION?

Serious illness and critical illness insurance plans pay out a tax-free lump sum on the diagnosis of a range of serious (but not fatal) conditions. These conditions include things like heart attack, stroke, cancer, major organ transplants and many others. The conditions covered will vary depending on the insurer. Serious and critical illness insurance often comes as an optional addition to a life insurance policy, but can also be purchased on its own.

WHAT IS INCOME PROTECTION?

An income protection policy will pay out a regular tax-free income if you're unable to work because of an accident or sickness

What it does - Income protection insurance pays out a regular tax-free income if you become unable to work because of illness, injury or – with certain policies – compulsory redundancy. It could help you keep up with your mortgage repayments or rent, and other day-to-day living costs until you are able to return to work.

INSIGHT

I hope this has provided a little insight into what protection is available to you as a family. Single, Co-Habiting or Married the policies can be tailored to meet your individual needs. Online searches are available, and you can do it yourself, but this will never replace the years of experience and expertise offered by a protection advisor to ensure you get the very best your money can buy for your circumstance. 

In most cases, there is NO FEE for this advice

If you'd like to discover more about the products mentioned in this article, please feel free to get in touch, or if you'd like a little more information to digest, please request a copy of the Personal and Family Protection Guide via email [email protected]