Protection

Protection is a vital part of any financial plan, it underpins what you value and what you aim to achieve. We give you peace of mind by helping you identify what’s important and how to protect those you love and the things you’ve worked hard for should the worst happen.

Life is a risky business!

Financial security is built on the assumption that we will continue to be able to work and provide for our family. But what if things don’t go to plan? We appreciate that financial protection is not a comfortable thing to think about so we understand if you haven’t. But having a Plan B in place is absolutely essential to achieving and maintaining financial security.

As difficult as it can be, we believe our clients should consider the following common questions:

• Do I have enough insurance in place?
• What happens if I am unable to work?
• Will my family be okay financially if I am no longer around?
• Am I paying too much for insurance?
• What type of insurance do I need?

Here at James & James, we can undertake a full insurance review designed to make sure that you have the right type and right amount of insurance in place. The review will help you understand what type of insurance you have and how much it will pay you, how much you are paying and whether it is good value for money. We will be able to discuss with you whether you need more insurance or already have enough in place.

Protection planning is a key element in the overall financial planning process. Life Assurance and Critical Illness policies are very effective products and can make a big difference to the lifestyle of your loved ones should the unexpected happen. Life Assurance rates have never been more competitive. So even if you have arranged some life assurance in recent years, you may now be paying too much. Critical illness premiums are also lower than they have been in the past.

Mortgage protection products are important to consider as part of the protection planning process and there may be a need for financial planning in respect of what might be needed to help your family cope if you need long term care. You may also need help with planning to meet the Inheritance Tax payment from your estate. Income protection too is something to consider because, for most people, their income is their biggest asset. A long-term illness or disability could have a devastating effect financially on you and your family.

It always makes sense to review your existing plans and the options available to you. That is where we come in. As protection product experts, we have helped protect hundreds of people against life’s toughest moments. Contact us today so that we can work with you to ensure you can have peace of mind should the worst happen. and the recent challenges we have all faced through the pandemic have highlighted, more than ever, why we should all be putting sufficient financial protection in place.