Protection
The financial consequences of having a critical illness or dying prematurely can be catastrophic!
Approximately 40% of adults do not have any life or critical illness assurance in place.
One in four adults will suffer a critical illness before the age of 65 and one in three people are at risk of developing cancer. Approximately half of all deaths in the UK are caused by cancer or heart disease. (Source: Office of National Statistics)
More than 1 in 3 people in the UK will develop cancer at some time in their lives (source: Cancer Research UK May 2004).
But of course it will never happen to you!
Wills & Enduring Power of Attorney (EPA)
Everyone should make a Will and an Enduring Power of Attorney.
The chances are if you do not have one it is simply because you keep putting it off! You can resolve this right now...
Call Mark or Clare on 0207 288 6400.
The FSA does not regulate this service.
Sickness
What are the financial implications of you being off sick unable to work long term? Will you be a financial burden on your family?
How will you pay for, your mortgage, other debts, utilities, food? How will you pay for extra help if you need it to get better?
Your family will help all they can but what with? They need money to help.
Your employer may be in a position to keep your job open but for how long?
Inheritance planning
Two things in life are certain, death and taxes.
The amount collected for just the first half of 2006 matches the total revenue collected in 1997-98 - only eight years ago. During 2006/2007 the Government collected £3.3 billion in inheritance tax revenue and projects £3.6 billion in revenue for 2007/2008.
Inheritance Tax has rapidly become a tax on ordinary hard-working people who have done no more than follow normal prudent financial planning.
The inheritance tax threshold for 2007/2008 is £300,000.
No matter your net worth, it's important to have a basic estate plan in place. This ensures that your family and financial goals are met after you die. An estate plan will have several elements such as having a will, assignment of power of attorney.