Often when looking at protection needs, not enough people consider the implications of being unable to work, even if only temporarily, due to an illness or an accident.

Some questions to consider:

  • Would the household have sufficient income from other sources to cover essential outgoings, such as spouses/partners ongoing income?
  • Do you have sufficient savings to bridge any gap in income?
  • When able to return to work after an illness, would you prefer to go back on a part-time basis?
  • Would you want to change your lifestyle, potentially taking a less stressful job?
  • If disabled, would you need to make alterations to your home?

To help answer these questions, consideration should be given to Income Protection (also known as Permanent Health Insurance) and Critical Illness cover, as these plans can make all the difference should such an unfortunate event occur – from providing a replacement income, to paying out a cash lump sum.

In short, they are all about maintaining your quality of life in adverse circumstances.

To speak to one of our specialist team, please email or call us
on 01383 721421.

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You should remember that the value of an investment and the income from it could go down as well as up. The return at the end of the investment period is not guaranteed and you may get back less than you have invested.

The guidance contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Trusts, some forms of estate planning/inheritance tax solutions are not regulated by the Financial Conduct Authority. All statements concerning the tax treatment of products and their benefits are based upon our understanding of current tax law and HMRC practices both of which are subject to change in the future. Levels and bases of reliefs from taxation are also subject to change and are dependent on your individual circumstances'.

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