Financial Protection
Financial Protection Insurance, helping you prepare for the future
Your future is unknown and it’s important to consider the risks and be prepared if things don’t go to plan, which is where financial protection comes into play.
Did you know that more than one in six working families would receive little or no help from the state and see their income drop by a third* if the main earner became unable to work? Make sure that you don’t become one of these statistics and talk to our team, who will make sure that what’s important to you; for example, your family, lifestyle and home (rent or mortgage), are protected in the event of the worst-case scenario.
The Milestone team will identify whether you need financial protection insurance and what type of protection you might need by looking at the whole picture. For instance: What savings do you have? Do you have a mortgage or any debts you need to pay? Do you already have any insurance products, and if so what do they cover?
No two people are the same and the type of protection you need will depend on your personal circumstances and stage in life. Don’t worry though, our team will work with you to determine the cover you need to ensure the financial well-being of your family and at the best possible price.
*Source: ABI
What is Income Protection Insurance and why do you need it?
We insure our cars, our homes, our pets and even our mobile phones, yet we fail to insure the one thing that pays for all of those – our income.
Income protection is there to cover you in a circumstance where you are unable to work due to illness or injury. The policy pays out a large portion of your usual income (usually between 65 and 75%) on a regular monthly or weekly basis until you can return to work or up until your normal retirement age.
If you are unsure about whether you need income protection insurance, ask yourself the following question: how long would you be able to cope without a regular income, taking into account the savings you have?
Think you could benefit from income protection, or are unsure and would like to find out more? Our team can help find the best protection for you.
The importance of life insurance
Life insurance is a hugely important aspect of your financial protection, as many people’s families suffer when they have an unexpected death in the family without the proper protection.
If you have an ongoing mortgage and other people living with you, particularly dependant young children, having life insurance is a must. This will cover your family or dependants, should you lose your life.
Luckily, you have resources, such as ourselves, to give you professional advice and to help you get the best insurance you can.
We are fully independent and have access to the whole of the insurance market, meaning that we can find the best and most competitively priced insurance products for you.
Book an appointment with one of our advisors today!
Book an appointment for a financial review or to meet with one of our experienced financial planning advisors to see if you are on track to reach your financial goals and to learn what we can do for you.