This isn’t just financial advice- it’s a financial resilience package
- What use is there in making a plan if, at first mishap you have to abandon it and cut your losses? This is what often happens when something goes wrong and there is an unexpected event in a business or to an individual which has not been planned for.
- I had a client- a dentist- who fell off her horse and sustained a life-changing back injury. She had a comprehensive income Protection plan via Dentists Provident and they supported her financially through her initial time off work and also when she returned to work part time.
- But the story doesn’t end there: she struggled at work, as dentistry involves long periods of standing and leaning over your patient. She was eventually forced to retire early and give up her practice. Fortunately, her Income Protection policy enabled her to continue living in the same beautiful country house, continue supporting her family and children and even continue her pension contributions up until state pension age.
- Income Protection is the glue that will hold your financial planning together. What use is a plan if it falls apart as soon as something adverse happens?
- Here at Lazenby’s Financial Services we will ensure we have a conversation with you around protection to make sure your planning is able to withstand a disaster. So your financial resilience package is watertight against the unexpected. It needn’t cost the earth and can be tailored to your disposable income.
- Why not have a complimentary chat with one of our advisers? The first meeting is at no charge and we are glad to be able to offer advice and help you focus on what needs to be done. Our office is in Roundhay, Leeds, LS8 2LQ. Our office telephone number is 0113 322 0700. Our website is at lazenbysfs.co.uk
You aren’t as bullet proof as you think
- The average age at which Income Protection will pay out is 41*.
- The average age at which Critical Illness Cover will pay out is 48*.
- The average age at which Life Insurance will pay out is 70*.
- So why is it that most people have life insurance on their mortgage but no other protection? Life insurance will undoubtedly help your family out if you die during your working life but in its purest form it will not help you out.
- We insure our homes, our cars, our pets and even our white goods but often do not bother to provide ourselves with even the most basic essential cover. Why is this? Well it’s because of a human weakness of assuming “That won’t happen to me”; we assume we are impervious to disaster when in fact the chances of disaster are greater than you think:
- Take your average 30 year old non-smoking white collar worker who cohabits with a partner: There is a 9.4% chance of him or his partner dying before retirement age. There is a 28.7% chance of one of them suffering a serious illness before retirement age. There is a 66.7% chance of one of them being unable to work for a month or more before retirement age. There is a 72% chance of one of these unpleasant events happening to one of them before retirement age*.
- You aren’t as bullet proof as you think. Get a free consultation with Lazenby’s Financial Services today and have a chat with one of our friendly advisers. We will tell you what the odds are and encourage you to think about making your financial plans resilient enough to resist disaster.
- Our office is based in Roundhay, Leeds, LS8 2LQ, telephone 0113 322 0700. Our website is lazenbysfs.co.uk
* Source is Legal and General Insurance.
