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Personal Protection

While planning ahead is always wise, life can be unpredictable but your family’s financial security doesn’t have to be. That’s why it’s so important to ensure that, should the worst happen, your loved ones are protected from financial hardship caused by death or serious illness. In a world full of uncertainty, personal insurance provides a crucial safety net when it matters most. We’re here to help you put the right safeguards in place, alongside other essential planning tools like wills and powers of attorney, so you can face the future with confidence.

Frequently asked questions

Why should an individual take out protection?

Protection provides vital financial security in the face of life’s uncertainties. It ensures your loved ones are supported if you pass away or become seriously ill. It ensures your loved ones are looked after if you pass away or are diagnosed with a serious illness – helping to cover essential costs like your mortgage, everyday expenses, and future financial commitments such as education. The right cover offers peace of mind, knowing that you and your family are financially supported when it matters most.

There are three main types of protection products designed to support you and your loved ones:

  • Life insurance provides a lump sum or regular tax-free income to your beneficiaries if you pass away, helping them manage financial commitments during a difficult time.
  • Critical illness cover pays out a tax-free lump sum if you’re diagnosed with a serious illness covered by the policy, giving you the financial breathing room to focus on recovery.
  • Income protection offers a monthly tax-free income if you’re unable to work due to illness or injury, helping you stay on top of bills and everyday expenses until you’re back on your feet.

The right level of cover depends on your personal circumstances and financial goals. For life assurance, a common approach is to cover major liabilities such as your mortgage, any outstanding debts, and a financial cushion to help your family maintain their lifestyle if you’re no longer around. For critical illness cover, consider how much you’d need to replace your income, cover living expenses, or fund treatment and recovery if you were unable to work due to a serious illness. Everyone’s needs are different. We’ll help you assess your priorities and build a protection plan that offers the right level of financial security for you and your loved ones.

Ready to take control of your financial future?

Get in touch to see how our expert wealth management services can help you grow and protect your assets, and start planning for your future.