If you died or suffered a critical illness, how would you or your family cope?

This is often a really difficult situation to consider, and is often one that is not given enough thought. We insure our cars, televisions, mobile phones but we sometimes forget to insure the one thing that pays for all of these items. Ourselves.

Insurance is often viewed as a costly extra when considering a mortgage, or seen as an additional expense that is the first to be cut when times are difficult. Protection is one of the key elements of financial planning and can ensure that living standards are maintained through the most difficult of times.

We can cater for people looking to insure their family, their mortgage in the event of death or critical illness, or their income if they are unable to work through illness or injury. We will also look at insurance products for business partners, shareholders or key employees. This can ensure that a business continues to run smoothly in the event of the death or serious illness of a staff member. This is often overlooked but can bring huge benefits to a business during a difficult transition.

Another area in which protection can be invaluable is Inheritance Tax* planning. The use of life policies written under trust for the benefit of others can be a useful tool in helping to meet the cost of Inheritance Tax.

All of these examples could be applied to a range of circumstances in everyday life. It really is worthwhile taking some time to consider your own protection needs and if they are fully covered.

* Tax planning is not regulated by the Financial Conduct Authority. HM Revenue and Customs practice and the laws relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.