RSS Feed

  1. This is a question I was asked recently and it is a good one.

    In this blog I would like to share my thoughts on this because I am certain other people have thought the same.

    The first thing that springs to my mind is that none of us know when 'our time is up' so it is difficult to say for certain whether we would be able to save up enough money to provide either a partner/spouse or child/children with and in time. 

    Consider how much you would like to leave your family with, it might be a lump sum or it might be a monthly income. How good would it feel to know that if the worst did happen that your family will have financial support and won't be affected too much by the loss of your income? If you are a single parent this becomes even more important because I know that both my husband and I would want to ensure my daughter's legal guardians would have a monthly income atleast until she is no longer financially dependent on them (if something happened to both of us). This would help them to feed her, clothe her and keep a roof over her head aswell as to enjoy taking her out without worrying about money.

    How much would you need to save each month and for how long?

    Life Insurance starts at just £5 a month and as an example for someone who is 40 years old, they could take out a policy which pays £1000 a month for 25 years for just £10 a month. In comparison, thats £12,000 year which really isn't long enough so saving that and more would be difficult for the average family.

    I would love to know your thoughts on this.

    Please call me on 07851685944 or e-mail me [email protected] to find out more and to receive a personalised recommendation.

    - Leanne

  2. I am sure you have heard of Life Insurance many times but did you know that instead of paying out a lump sum it can pay a monthly income instead?

    Family Income Benefit is Life Insurance (can also be critical illness cover) but it pays out a monthly income if you pass away during the term.

    What are the benefits?

    There are actually many benefits to this type of insurance, it:

    • is a great affordable option
    • it allows peace of mind that the money can be used more effectively and has an end date so that it is managed better
    • you can choose how much you would like the monthly income to be and the term

    What can it be used for?

    • To replace a lost income into the household to support a spouse/partner
    • To provide an income for Legal Guardians to take care of your child/children
    • To replace a Child Maintenance payment
    • To provide a long term income that can be managed effectively

    I feel that Family Income Benefit is a great product to add to any existing cover you have and if you don't have any cover it is a great place to start.

    Some of my clients opt for £500 a month and others £1000 to replace their income and continue supporting their family financially if they were no longer there.

    Many clients choose to have a term that fits with when their youngest child is 18 for example, some choose 21 and 23, it is upto you.

    I can help you work out how much cover would be suitable and help you to gain peace of mind. 

    You can contact me for a review and I do not charge a fee for my advice. Call or e-mail me or alternatively you can make an appointment easily via the Bookings Page