Protection planning
How would your family cope financially without you?
Protection planning isn’t a fun topic
No-one wants to think about death or suffering a serious illness. But it happens.
We don’t know what’s around the corner, and no amount of money could replace a person. However, we can protect our families against those uncertainties by having the right cover in place. Knowing they will be taken care of is one thing we can then be sure about. Peace of mind is invaluable.
From creating your Will and reviewing your estate planning, to putting in place life insurance and critical illness cover, we can provide all the help and advice you need to protect your family and your legacy.
The writing of a Will involves the referral to a service that is separate and distinct from those offered by St. James’s Place. Wills are not regulated by the Financial Conduct Authority.
Financial Adviser Shanu Kermali shares the story of a young father diagnosed with cancer, and the impact on his family when critical illness cover wasn’t in place.
We can help show you the risks associated with not protecting your lifestyle, your wealth and most importantly, those you love. Sadly, Ill health or tragedy could strike your family at any time.
You have the house, the phone and the car covered. But what about your family’s most valuable assets?
You and your loved ones.
- Are you insured for what you’re really worth?
- What would happen if you couldn’t work?
- How would your family cope financially without you?
- If you’re in business, would it survive if you weren’t around
Frequently asked questions about protection planning
Do I still need protection if I have savings or benefits through work?
Potentially. Workplace benefits and savings can provide valuable support, but it’s worth understanding exactly what you have, how long it would last and whether it would be enough for you and your family. Your protection needs can also change when you move jobs, take on a larger mortgage, start a family or become self-employed.
What types of financial protection should I consider?
Depending on your circumstances, this could include life insurance, critical illness cover and income protection. Rather than looking at each policy in isolation, we consider the risks to your wider financial plan and where protection could make the biggest difference.
Please note that these plans do not have a cash-in value and will stop if payments to them cease.
When should I review my protection?
Protection shouldn’t be something you arrange once and forget about. It’s worth reviewing after significant life changes such as buying a home, getting married, having children, changing jobs, starting or selling a business, or taking on new financial commitments. Even without a major change, a regular review can help make sure your cover still reflects your life today.
