Protecting You and Your Family
Going on holiday, buying a new car, saving for the future, putting food on the table, paying your mortgage or other credit commitments. The above all have one thing in common: They require money to fund them.
But what if your income stopped? Every day people are made redundant, have to stop work through accident or ill health, or die unexpectedly.
Ask yourself, “If one of the above happened to me last night, would
my family be able to pay the bills each month and enjoy the luxuries we take
for granted?”![[father and daughter]](landg.jpg)
Therefore it makes sense to protect you and your family should one of these unfortunate events take place.
You may have cover in place through your employer. However will the benefits
be sufficient to protect you and your family? Death in Service benefits do
not normally exceed 4x salary, and a good employer may provide sick pay benefits
of full salary for the first six months, then half salary for the next six
months. However if you have a young family will your Death in Service benefits
be sufficient to look after the children, until they are no longer dependent?
And how will you cope financially if you are unable to return to work after
your employer sick pay benefits have ceased? Of course, the employer benefits
quoted are only examples, please check with your employer to check what provision
is in place.
You may have an employer who does not offer the above benefits to you, or you may be self-employed. Therefore you may have arranged cover for yourself. However, have you reviewed your cover recently to ensure it is sufficient for your needs or to see if it represents value for money? Have you arranged for your cover to be written in trust to ensure that it will be paid out according to your wishes?
Protecting you and your family should be the foundations of good financial planning, and if you would like good sound advice, please contact me to discuss your requirements.