Financial protection is an important part of creating long-term security. Yet, it’s something that many people overlook.
Appropriate financial protection can provide you or your family with an income or lump sum when you need it most. It can create a valuable safety net and help ensure you’re still able to meet financial commitments if something unexpected happens.
One of the reasons some people don’t take out financial protection is that they don’t fully understand what it is or how it could support them.
According to an FT Adviser report, almost one in five had never heard of income protection. A similar figure was also unaware of what critical illness cover is.
This is despite 73% of workers saying they had worried about taking time off work due to an illness or injury during the Covid-19 pandemic.
Understanding the different types of financial protection on offer and how they could fit into your financial plan can provide peace of mind.
There are several different types of financial protection to consider. Please read or download our guide below for more details.
Which type of protection is right for you will depend on your circumstances and priorities. In some cases, more than one type of financial protection may complement your financial plan. Our guide outlines five questions that can help you choose the type of cover that best suits your needs.
While there are many providers to consider, organising financial protection doesn’t need to be complicated or time-consuming. We’re here to help you find the right protection for your needs, so please don’t hesitate to give us a call.