Whether you’re aiming to remain financially buoyant in the present regardless of changes to personal circumstances or simply wary of fluctuations in future economic markets, some level of protection is essential. Fortunately, experienced financial advisors can help ensure that their clients have adequate financial protection for not just themselves, but family and other dependants too. Below we’ll look at some core areas that protection can cover.
Private health protection
Specially designed to offer support when a serious illness strikes, private health insurance and critical illness cover mitigate the financial impact of medical costs on family members. Providing peace of mind that additional expenses can be coped with, this type of protection can be an asset.
Income protection
Being unable to work and earn due to an illness or accident can have a serious adverse effect on a person’s present and future. However, an income protection policy can bolster sick pay and savings, as well as help workers financially navigate a difficult time in their careers. Advisors can explain policies in detail so holders understand what income they will receive in the event of an incident where they are unable to work.
Life insurance
Finally, perhaps the most well-known financial protection, life insurance policies are designed to offer economic assistance to dependants in the event of a person’s death. Wealth managers advise on the ideal policy, suggesting whole life insurance and term life insurance policies where appropriate.
To explore available protection and access financial advice in Chester, call our attentive team at Hartey Wealth Management today.
