When was the last time you reviewed the recipients of your insurance policies? Insurance provider Phoenix Life has found that the majority of people have forgotten to update their policies after setting them up. This could result in money going to the wrong people in the result of a payout.
More than a quarter of estates passing on death contain an insurance policy, most commonly life insurance. However, there is one corner of the market that is often overlooked. Neil Adams of protection advisers Drewberry explains a less well-known product that can deliver better value for company directors: relevant life insurance. You may not have heard
Following on from part 1, Neil Adams of Drewberry Wealth Management explains critical illness cover and how it differs from income protection. If you became unable to work due to illness, how best could you protect yourself and your family?
What’s the best way to protect yourself and your family if illness or injury stops you working? In this two-parter, Neil Adams of Drewberry Wealth Management explains the two key types of protection, and offers guidelines for ensuring that you are properly covered.
We know three things about this event: it will be sad, it will be expensive, and it will definitely happen one day. So why are so many people financially unprepared for it – when it’s actually very easy to make arrangements? You know the old cliché: the only two certainties in life are death and
What kind of difference can protection make? As it turns out, quite a lot. Justin Rourke, an IFA with Armstrong Watson Financial Planning, reveals what he considers the most important piece of advice he ever provided. I have been fortunate enough to have had my fair share of long-term clients over the years, and I
No-one likes to think about it – so most of us don’t. But if illness or injury means you can no longer earn, there is very little provision from the state. Although income protection can look pricey, if you end up needing it then the value can be priceless. Sally is in agony today. She’s
Death, illness, money troubles… You can’t prevent the first, you can’t do much about the second, but you can protect against the financial problems that both of those can bring. Ray Tammam, IFA at Fairstone Financial Management, explains how. It’s a question we’re not comfortable addressing: what would happen if we were to fall seriously