Protection Against Risk – we’ll help you decide on the right level of insurance and the appropriate types of cover.
Nobody knows what the future will bring, so planning for the unexpected can seem tricky. But when it comes to finances it’s wise to prepare for all eventualities - a death, illness or redundancy - so there are as few financial burdens on your family as possible.
No matter how old they are, your children’s future is as important to you as your own. Whether you want to send them to university, help them buy that first home or offer support for their own children you will need to start planning carefully so you can achieve your aims without putting your financial wellbeing at risk.
Redundancy can have an enormous impact, both on our emotions and our finances. Sadly, redundancy is now all too common, so it’s vital you have a contingency plan in case you lose your income. Careful pre and post-redundancy planning mean the knock-on effects of losing your job can be reduced, helping you and your dependents survive what could be a tough time.
In the event of long-term illness or disability, the last thing you will want is worry about paying the bills. You can protect yourself and your family from financial hardship by putting the right contingency plans into place.
In the event of your death, it is important to ensure your loved ones are protected from the loss of an income. Life insurance provides a financial cushion in case of the death of the insured individual, and can be arranged as either a fixed or reducing level of cover.
Insurance Although many people accept the need for life cover in case they die, it’s much more likely you may get ill or injured leaving you unable to work. Someone who is self employed, or not paid by their employer when unable to work, could suffer a drop in income. Permanent health insurance cover provides an income whilst unfit for work through illness provided the premiums are being maintained.
Critical Illness Insurance
Benefits from a critical illness policy can be paid as either a lump sum or regular monthly on diagnosis of one of a specified list of critical illnesses. This could, for example, provide capital to cover the cost of modifying a home.
Income protection is a safeguard against losing a job, and hence an income, as it can cover the cost of rent or mortgage payments, utility bills, or loan repayments.
Private Medical Insurance
Your health is something that should never be taken for granted.
Private medical insurance is designed to cover the cost of private medical treatment for curable short-term illnesses.
For more information or to request an initial free consultation dial +44 (0) 208 939 4545
Keystone Wealth Management Ltd, Vine House, 143 London Road Kingston-Upon-Thames Surrey KT2 6NH United Kingdom, firstname.lastname@example.org