Life Assurance & Protection Planning
Protection planning is a key element in the financial planning process. Life Assurance and critical illness are very effective products and can make a big difference to the lifestyle of your loved ones should the unexpected happen.
Income protection too is something to consider, because for most people, their income is their biggest asset. A long term illness or disability could have a devastating effect financially on you and your family.
Then there is mortgage protection to consider as part of the protection planning process.
Other issues to consider are helping your family cope if you need long term care, or planning to meet the Inheritance Tax payment from your estate.
Life Assurance rates have never been more competitive. So even if you have arranged some life assurance in recent years, you may now be paying too much. Critical illness premiums are also lower. It does make sense to review your existing plans and the options available to you.