Protect Your Investments

Could you cope with the unexpected?

Personal protection is an important part of most people’s financial planning requirements. The financial effects on your family in the event of death or illness could be profound. There are many protection options available and we can help you identify the most suitable for your specific requirements.

Personal protection is an important part of most people’s financial planning requirements. The financial effects on your family in the event of death or illness could be profound.

If you were to die, at the very least you’d want your mortgage, debts and funeral costs to be paid for. You’d probably also want the security of knowing that your family would be able to maintain their current standard of living.

If you became seriously ill or were injured and had to give up work, you’d also want to be sure that your family could continue to be supported financially. You may decide to use your existing savings and investments, but how long would these last for before they ran out?

Considering protection solutions is a good way to safeguard against unforeseen events or expenses and can provide your dependants with the financial security you desire.

These are the basic protection foundations you should set up:

Life insurance:

this provides financial security for your dependants in the event of your death and helps them to pay some or all of the outstanding debts/financial commitments such as your mortgage and other liabilities

Income protection:

this replaces part of your income if you are unable to work because of an illness or disability for a short or a long period of time

Critical illness:

this provides you with a tax-free lump sum or regular income if you are diagnosed with a serious specified illness covered by the policy

Certain policies should also be written under an appropriate trust to ensure that monies pass to the right people at the right time and in the most tax-efficient manner.

The value of investments and the income from them can go down as well as up and you may not get back your original investment. Past performance is not an indication of future performance. Tax benefits may vary as a result of statutory change and their value will depend on individual circumstances. Thresholds, percentage rates and tax legislation may change in subsequent Finance Acts.