If the worst were to happen to you, without suitable protection, it could leave your family under a lot of financial pressure – however despite life cover being the most popular type of protection, in the UK we are largely underprepared for the worst-case scenario.
At some point in our lives we have all suffered ill health that has meant we were not able to go to work. According to figures from the Department for Work and Pensions, on average 960,000 employees take sick leave for a month or more every year.
Life insurance is quite often viewed as an unnecessary expense. It is however there for good reason - namely to provide security for you and your family in life’s most difficult and emotional situations by delivering a financial cushion to ease pain and suffering.
According to the latest State of the protection Nation report from Royal London, Britain is incredibly underprepared in the event of long-term sickness, accident or ill health.
Whether single or married, young or old, it could be worth investing in an insurance policy.
We often encourage clients to invest in policies such as Life Insurance and Critical Illness Cover to protect against worst case scenarios, but what about more common scenarios such as mental health absences?
What is Income Protection, how much is it and should you take it out?
Think you know everything about personal insurance? Think again!
Richard and Michelle Cockayne decided to set up a joint life and critical illness policy. It turned out to be a more important decision than they ever expected.
You don't have to worry about your financial position, should the worst happen.
A Will is a legally binding document, therefore there are various legal formalities you must follow to ensure it is valid.