The New Year often brings a moment to pause and reflect, and for many of us it’s a chance to make positive changes – whether that’s getting fitter, starting up a new hobby, or kicking a bad habit.
After spending the holidays with family, it’s natural to think about their future too. We all want to know our loved ones would be looked after if the unexpected happened, yet many of us don’t have a plan in place. Maybe this year, that’s something worth prioritising.
Having the right cover, at the right time, could make all the difference. Whether you’re a parent, self-employed, married, a homeowner or have your own business, no one knows what the future has to offer, which is why having the right protection is so important.
If you are still without cover, life insurance could be the best option for you. Should the worst happen to you, the lump sum from your policy could help your loved ones get by without financial struggles.
If you already have cover in place, your New Year resolutions could have a positive effect on your policy. Information surrounding your health and lifestyle can significantly influence your cover and the amount you pay. There are a variety of providers that offer additional benefits, helping you throughout the life of your plan and supporting your New Year’s resolutions.
Critical Illness Cover (CIC) can be an invaluable way of protecting you and your family against the financial implications if you were diagnosed with a critical illness. CIC could help with household bills, child care costs or maintain your standard of living if you’re forced to take time off work.
These plans can be purchased as standalone policies or alongside life cover, providing you and your loved ones with peace of mind should the worst happen to you.
How would you pay your bills if you couldn’t work? A question many of us don’t ask ourselves. Being unable to work, for medical reasons, would present serious financial implications for many of us.
Income protection can provide you with the peace of mind you deserve in the new year. A loss of earnings could have a real financial impact on anyone’s lifestyle, and income protection is there to support you and meet the needs of those who want to protect their income.
Life insurance or life assurance is a cover that provides your loved ones with financial stability if you die during the term of your policy.
The loss of a loved one is enough for anyone to cope with without the added burden of financial difficulties too. Life cover can help make sure those left behind don’t lose the stability and familiarity of daily life. All the things that could make loss easier to bear. Should one parent die, the other is entitled to a sum of money. Should both parents die, your appointed guardians are entitled to a sum of money for the benefit of your children.
Whatever you may choose for your resolutions, consider the importance of protection this year.
For more information on protection or to discuss the options available to you, why not get in touch with one of our friendly advisors.
To find out more about mortgages, personal insurance, business insurance and protection or to discuss the options available for your circumstances, contact our team of advisors
