You may already have some level of protection in place. But reviewing your current arrangements and making sure you, and those you\u2019re close to you, are properly protected financially is a smart move.<\/p>\n
How robust are your own measures for protecting your finances and your family? Let Bespoke Money take a look at your current insurance cover situation and make sure you\u2019re set up for the future.<\/p>\n
It\u2019s likely you already have a life assurance policy to cover your mortgage payments if you or the person you share your mortgage with dies.<\/p>\n
But are you confident it\u2019s fit for purpose? Depending on the type of policy you have, it may no longer provide you with the security it once did. This could be because you\u2019ve progressed through life and commitments have changed and grown but you haven\u2019t modified your insurance to match them.<\/p>\n
If you have a whole life policy, it will pay out a fixed lump sum whenever you die. Is that enough to repay your remaining mortgage debt\u00a0and\u00a0provide ongoing security for your loved ones? You need to be sure the monies paid out are sufficient to meet the needs of those left behind, especially if you have a decreasing term policy.<\/p>\n
Critical illness cover (often known as cancer cover, since, cancer, sadly, is the condition that triggers most pay outs), will pay you a lump sum on diagnosis of a terminal illness. The payment can be used for any purpose, whether it\u2019s to pay down mortgage debt, fund your private treatment or meet ongoing living costs.<\/p>\n
But you may now have savings and other assets that you could use in the event of an illness. Perhaps your lifestyle and age are now making cover expensive, or you now have an illness not covered by your insurance. Or maybe you\u2019re now fortunate to be in a job that includes critical care as part of an employment benefits package. Whatever your situation, it\u2019s worth checking if your critical illness cover is still fit for purpose.<\/p>\n
At Bespoke Money, we help you review your current insurance protection, then tailor your personal protection to your specific needs and circumstances.<\/p>\n
No matter what comes your way, you want peace of mind that you\u2019re protected for the future.<\/p>\n","protected":false},"excerpt":{"rendered":"
BY TAKING A REGULAR STOCK TAKE OF YOUR CURRENT INSURANCE COVER, YOU CAN BE BETTER PREPARED FOR LIFE\u2019S UNEXPECTED EVENTS<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_seopress_robots_primary_cat":""},"acf":[],"yoast_head":"\r\n