An untimely death or serious illness…
… is not something any of us really want to think about. Sadly these events do happen and whilst having a financial plan in place can’t immediately help with the physical or emotional experience, it can make a significant difference to any loved ones who are trying to deal and cope with the practical implications.
Financially protecting your loved ones
If you have financial dependents, be it a partner or children, then ensuring they receive monetary support is something you may want to consider.
Suitably arranged protection plans can pay out on the death of the names life or lives but you can also receive a payment if you were to suffer a serious illness such as a stroke, heart attack or cancer.
Plans of this type are generally designed to provide a lump sum of money that could be used to replace a lost income or repay any outstanding liabilities such as a credit card or personal loan.
Or it may be that this injection of cash would just offer a level of financial security for a specific period of time.
Selecting the right plan for your circumstances
If you’re either in employment or self-employed, providing a level of protection against a loss of your income if you were absent from work through illness or injury is also something you may wish to consider.
This may particularly be the case if you’d receive little or no benefits from your employer and therefore have to rely on State Benefits.
If any of this is a concern to you, then Cansquared may be able to help.
We will listen to your thoughts and objectives and try to establish the level and type of protection that would best suit your particular circumstances. We will then research the products and providers available that may be able to offer the best and most cost effective solution to match your specific budget.
Cansquared Limited is authorised and regulated by the Financial Conduct Authority. FRN 927062. Cansquared Limited is registered in England and Wales No. 8452816. Registered office: 24 Old Mill Ridge, Wadsworth, Hebden Bridge, West Yorkshire HX7 8RT