PROTECTION

Protecting the things that matter

There are events we can all face that have the potential to wreck lives and families.

 

It’s a difficult issue to think about, but imagine the impact on you and your family should the main earner in your household die or become seriously ill.

 

It may not happen to you – we hope it doesn’t – but it might.......

Take a typical non-smoking couple aged 40 for example; before they reach 65 they each run the following risks¹:

  • 7% chance of dying

  • 22% chance of becoming seriously ill

  • 54% chance of being unable to work for at least two months

  • 61% chance of one of these events happening.

 

While there is no insurance that can prevent these things from happening, you can protect yourself and your family financially by making money available, should something unexpected happen. This money can be the difference between keeping and losing your home, and maintaining your family’s lifestyle.

Protecting Your Assets

 

You will most probably be familiar with how you protect your property, using buildings and home contents insurance.

Are you as familiar with protecting your greatest asset – YOU?

A mortgage is likely to be the greatest financial commitment most people make. Your home (or buy-to-let investment) relies on your income to repay the loan. Events that could stop you earning enough to repay your mortgage:

  • Short-term or long-term illness

  • Redundancy

  • An accident

  • A serious illness – such as cancer, stroke or heart attack

  • Death (yours or a partner)

  • Any of the above happening to a tenant in your buy-to-let.

How long will your current provisions last? You may have plans in place already but are they sufficient and how long will they last? The first step we take is to check what you have already and how that contributes to the solution. Should you need to build on your existing plans we will always consider your overall objectives and budget.

So, is protection only about the mortgage?

The first aim of protection is to help you keep your home (or property). The second aim is to maintain your, and your family’s, standard of living should something terrible happen.

We want to help you get the right cover for your needs within your budget. After we have assessed your needs, we will advise and make recommendations for you. Our Terms of Business will confirm the marketplace we will visit on your behalf.

¹ Source: LV= Risk reality calculator May 2019

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Positive Solutions is a trading style of Quilter Financial Planning Solutions Limited, which is authorised and regulated by the Financial Conduct Authority.

Quilter Financial Planning Solutions Limited Registered England and Wales No. 03276760. Registered Office: Riverside House, The Waterfront, Newcastle upon Tyne, NE15 8NY.

The Financial Conduct Authority does not regulate Estate Planning and Auto-Enrolment

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

Copyright 2020 John Stirzaker, Positive Solutions

T 07972 763150​