Prioritising Protection: Safeguarding Your Future and Loved Ones
- wojciechzaluski
- May 3, 2024
- 2 min read
Updated: Feb 14
Policies to protect
When we complete a review of a client’s affairs, one of the first questions we ask is what protection they have in place. What do we mean by protection? Policies to protect the individual or their loved ones in the case of death or ill health. At this point often eyes glaze over, but they shouldn’t.
Life goals
Our broader discussion is usually about life goals, including when clients can retire and how much money saved is needed. These goals can often easily be derailed by illness.
Essential needs
It might involve taking time out to recover. Perhaps the inability to work at all, or needing to change job, or hours. The likelihood of illness is sadly much higher than most people recognise. You may have heard that 1 in 2 people will have cancer during their lifetime. Protection underpins a financial plan, ensuring funds will be available for essential needs in the case of illness or death.
LGBT+ community
Within the LGBT+ community, there are often fears of engaging with insurance companies, and disclosing medical information. Thankfully, many of the preconceptions people have been outdated or simply inaccurate.
Ready to take your next step?
Matt Campbell is a qualified Independent Financial Adviser (DipFA, CeMap). He operates via Stadium Wealth. Matt is based at Great Portland St, London but works with clients across the country.
Contact us for advice on pensions, investments, mortgages, protection or estate planning needs.
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