Protection vs Insurance: What’s the Difference and Which Do You Need?
You may have heard the terms “Protection” and “Insurance” (like critical illness insurance and life insurance). But have you wondered what the difference is? In the world of financial planning, the terms protection and insurance often get used interchangeably, but they’re not quite the same. Here’s a quick overview, but remember, speaking with us directly […]
What is the UK Financial Protection Gap? How Life, Critical Illness, and Income Protection Cover Work
Illness, and Income Protection Cover Work Did you know most families are one crisis away from financial hardship? Unfortunately, there are some devastating numbers out there: A parent of children under 18 dies every 20 minutes in the UK, equating to around 127 newly bereaved children every day. On Britain’s roads, more than 80 people […]
Critical Illness vs. Income Protection: Which Do You Need?
Nobody wants to think about getting seriously ill. It’s the kind of conversation we’d all rather skip over, until life forces the issue. But here is the reality: I’ve known clients who have faced a cancer diagnosis, a stroke, or a heart attack. These are real people with mortgages, kids, and lives they carefully built. […]
Safeguarding Your Self-Employed Income: Essential Protection Tips
What would happen to your business and your finances if you suddenly couldn’t work? Protecting your income is more affordable than you might expect. In 2017 research by LV revealed 28% of self-employed people worry about being ill or having an accident and yet only 4% have any form of income insurance. Many believe […]
Are You Running An SME Business Or Working For One?
Long term sickness can have profound consequences on small to medium businesses and their employees, affecting productivity, morale, and the overall stability of the company. Despite this, research from the British Chamber of Commerce (BCC) and Unum, a Fortune 500 listed Insurance Company, has shown that in a survey of 1000 UK businesses, only 8% […]
Effective Communication: The Key to Securing Your Protection Plan
British Friendly’s 2019 Claims Report has thrown up some interesting statistics. As a mutual, the organisation has been trading for 117 years providing protection cover. As well as uncovering some of their more unusual claims, for example, one for cat scratch fever, the report highlights some concerning ones: Only 1 in 10 people are covered […]