Life & Health Protection
Protection can be simple, such as a life policy to cover a mortgage, or more complex, such as insuring a varying potential Inheritance Tax liability. Whilst it is sometimes simple it needs to be appropriate and considered so that, should the worst happen, your family or other dependants can cope financially.
Critical illness cover offers a payment out in the event of suffering certain critical illnesses such as cancer or a stroke*. A payment in these circumstances can help significantly to ease the financial burden in such a difficult time.
Why do we need income protection? Well we insure a car, which might be worth £15,000, but do we insure an income worth potentially more than this for every year for the rest of our working lives?
FAQ’s
How do you account for inflation in retirement planning?
It’s important to ensure your future income keeps pace with rising living costs – this will allow you to maintain your purchasing power throughout retirement.
Strategies to achieve this include investing in assets which typically outpace inflation, such as equities.
We recommend estimating your future expenses with a reasonable rate of inflation factored in, to help set realistic goals. Regularly reviewing and adjusting your plan enables you to maintain your standard of living.
What is an annuity retirement plan?
An annuity retirement plan provides a guaranteed income for life - or a set period - after retirement.
An annuity is purchased using pension savings, converting a lump sum into regular payments. Different types of annuity are available (fixed, variable, or inflation-linked) and these offer different levels of risk and returns. An annuity can provide financial stability in retirement, but may not provide the flexibility or inheritance options of other retirement income solutions.