Life, Disability and Severe Illness Cover

Personal risk planning is about protecting yourself and your family against life’s uncertainties by putting the right insurance cover in place. It ensures financial security in the event of death, disability, or serious illness.

Key types of cover include:

• Life Cover: Pays a lump sum to your beneficiaries if you pass away, helping them maintain their lifestyle and cover debts or expenses.

• Income Protection: Replaces a portion of your income if you become unable to work due to illness or injury.

• Severe Illness Cover: Provides a payout if you're diagnosed with a major illness like cancer, stroke, or heart disease—helping you cover medical costs or lifestyle adjustments.

Why Financial Advice Is Essential:

• Needs Analysis: A financial adviser assesses your unique situation—family responsibilities, debts, income—to determine the right amount and type of cover.

• Product Fit: There are many options on the market; advisers help you choose suitable policies that match your needs and budget.

• Avoiding Gaps or Overlaps: Professional advice helps prevent being under-insured or paying for unnecessary cover.

• Ongoing Review: As your life changes (marriage, children, job changes), your cover should too—advisers help keep your plan up to date.

• Claim Support: Advisers can assist with claims, ensuring you or your family receive benefits promptly when needed.

Personal risk planning is a critical part of financial wellness—and expert advice ensures you have the right protection at the right time.

For further information and advice on this subject contact Nigel at ADVICEWORX ADVISORY.