The concept of insurance is simple: to protect the things that matter to us if things go wrong. However much of an optimist you might be, it’s wise to plan for the future and any hiccups that could arise.
Many people struggle with this area of their finances, which can leave themselves and their family in a vulnerable position.
It’s difficult to anticipate the impact or probability of a life-changing event that could affect your future financial security. Because of this, it can be difficult to assess if an insurance product is appropriate for your circumstances and is money well spent.
So what’s the solution?
This is where an independent financial adviser can be worth talking to, so that they can conduct a comprehensive assessment of your income, outgoings, assets and lifestyle. From this, they can identify your current cover needs and future requirements so that they can offer your products tailored to you.
Allowing a tailored plan to be created for you will mean that you can insure for your priorities, rather than other areas that you may be able to offer protection for yourself e.g. savings.
Choosing to work with an independent financial adviser will enable you to get the right protection for your needs, circumstances and budget.