The importance of financial protection & life insurance

None of us knows what’s around the corner and we are all at equal risk of being faced with sudden and unexpected circumstances. No matter how financially secure you believe yourself to be, the importance of planning for the worst-case scenario cannot be stressed enough.

Financial protection products can appear simple on the surface, but setting up a plan correctly is extremely important. Rather than search the entire market for the cheapest premium available, we take all factors into consideration and ensure that your policy has the best terms available for your own specific circumstances and is set up in absolutely the right way.

Life insurance and protection products

We regularly undertake protection reviews to ensure that any existing contracts are set up under the most appropriate trust for our clients’ circumstances. As part of the overall financial planning process, we advise clients on aspects of trust planning and can place most existing cover into the correct trust without having to take out a new policy.

Global Financial Ltd offer empathetic advice and assistance on the following types of protection to ensure that if you are faced with difficult times, yourself, your family and your assets are in the best possible position to cope financially.

Life insurance

A good life insurance policy will ensure that your family are taken care of should anything happen to you. In the event of your death, adequate cover will relieve the worry of mortgage payments and other outgoings.

Income protection insurance

Income protection insurance (IPI) is an extremely valuable asset. If you are ‘financially free’, then maintaining your income through investments will be one of your priorities. If, however, you are not one of the lucky few, then making sure you have an income during times of hardship is important.

Health insurance

Should you become ill and require treatment outside of that offered by the NHS, an adequate health insurance policy will enable you to secure this treatment without paying the full cost.

Critical illness cover

Critical illness insurance is designed to pay out a lump sum if you are ever diagnosed with one of the critical illnesses on the contract. Often these policies will have complex requirements for accepting diagnoses and a minimum survival period is frequently enforced. We can help you pick through the details to find the right policy for you.

Long-term care

Help meet the costs of potential long-term care by taking out a long-term care insurance policy (also know as LTC or LTCI). Such policies can reduce the burden on families should a relative become unwell, or can help meet your own long-term care needs, if required.

We are always happy to have a no-obligation conversation about any form of life insurance or financial protection product.