A death or loss of income through illness or injury can have serious consequences for your assets and lifestyle if you don’t have protection in place. With no financial safety net, an unexpected event could force you to drawdown from your investments resulting in a lack of funds to meet future financial goals or perhaps force you to sell your home.
Problems could arise as non-liquid assets such as property might not be easy to convert into cash. Stock market investments could be at a comparatively low value when needed, so encashment at the wrong time could lock in a loss. Furthermore, if the value of these assets has grown there may be significant tax charges on encashment.
With the right protection in place however, you can protect the people you care about, without sacrificing your savings, investments or selling your home.
At Future Start, through a thorough understanding of your circumstances and of what’s important to you, we can help you identify the most suitable insurance policies for your needs.
If interest rates were to rise, it could put a strain on your lifestyle, repayments and bills.
What is your back-up plan to protect yourself and your dependants financially if something were to happen to you?
A severe illness could put a significant strain on your finances too. You’d be unable to work, and might find yourself earning nothing at all. If that happened, you’d find it harder to pay your mortgage.
You might have savings, but how long could you rely on them?
Should the worst happen and you hurt yourself in an accident that prevents you from working, how would you keep up with mortgage payments.
You might have sick pay, but what happens if that runs out whilst you are still recovering?
Free yourself and your family from the worry of paying the mortgage and give yourself the best chance to recover from an illness with Mortgage Protection.
It’s easy to think, ‘I’d cope; that’ll never happen to me’. But any of us could become ill and a critical illness policy may help to give some financial security at a difficult time.
Private medical insurance, put simply, offers you quick access to eligible health treatment, from seeing a specialist for diagnosis to having a comfortable stay while you’re in hospital.
One of the benefits of private health insurance is that once you have a GP referral you can choose who to see and where to go, from a list of approved specialists and hospitals, making sure you get the treatment you need, when and where you want it. Whether that’s close to family or near work, you have the flexibility to manage your health around your timetable.
Private medical insurance aims to help those with acute conditions. It is not designed to help with chronic conditions. An acute condition is a disease, illness or injury that’s likely to respond quickly to treatment so that you can return to your previous level of health. Chronic conditions are those illnesses, diseases or injuries that either continue indefinitely, have no known cure, come back (or are likely to come back), need long term monitoring or need on-going control or relief of symptoms.