Protection

Prolonged ill-health, disability and death are all major threats to a family’s financial security. While these issues are not pleasant to think about, the better prepared you are, the better you will cope. Consider these basic points:

· Could your family cope without the financial security that your regular income gives them?

· What would be the likely financial effect if you suffered a long-term illness or disability?

While it might seem like an easy cutback to make in the short term, the cost could be far higher if you get caught out with no protection.

McCreath Financial Partners can help you find the right cover to suit your needs and complement any existing protection you may already have such as:

·         Life Cover

·         Critical Illness

·         Income Protection

·         Private Medical Insurance

It is important to review your insurance arrangements regularly. As circumstances change, so do your insurance needs. A house move, an addition to the family, a new job, redundancy or retirement are all factors which could influence your insurance needs.

Protection plans with no investment link will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.

A critical illness plan may not cover all definitions of a critical illness. The definitions vary between product providers and will be described in the key features and policy document if you go ahead with a plan.