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PROTECT YOUR FINANCIAL WELLBEING

As we grow older, protecting our loved ones becomes more of a priority. which is why it is essential to have the correct financial provisions in place to support your family’s financial wellbeing, for a time when you can’t. 

Unfortunately, may people don’t know where to start when it comes to organising their finances. This includes important assests such as bank accounts, mortgages and other securities.

Here at Financial Foresight we have outlined the following basic provisions worth considering when it comes to protecting your family’s financial wellbeing. 

 

1. Make a Will

Despite this being an obvious provision– many people die without making a will which can have damaging consequences for their families. Creating a will means you can distribute your assets to your liking and look after, friends, children or pets. Financial Foresight have expert advisers on site to assist with making a will.

 

2. Savings

Having a safety net of money to fall back on can come in handy at any point. That’s why it’s worthwhile to get in the habit of saving a percentage of your income every month. That way you will quickly build up an emergency fund should you need to avail of it.

 

3. Critical Illness Cover

Falling critically ill can happen to anyone at any time. If this does unfortunately happen to you, it’s best to be prepared so your household doesn’t suffer. With critical illness cover you can have peace of mind that a lump sum is coming through to provide a safety net.

 

4. Income Protection

Few jobs will continue to pay full salary for long if you are unable to work due to accident or illness. It is however more likely that you will be off work for more than three weeks than die before age 65. Income Protection plans (AKA Permanent Health Insurance) are designed to fill that gap.

 

Financial Foresight 

If you’re in need of trusted independent advice feel free to book a free, no obligation consultation with our financial advisors today. We’d be happy to help! Give us a call on 028 9332 2822 or email simon@financialforesight.co.uk today!

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