Looking for a life insurance provider, but unsure what the policy includes or if you’ll get the right level of cover for you? We can help…
In the early days of the Apollo missions to the moon, astronauts’ lives were literally uninsurable. No insurance companies would consider insuring anyone about to embark on a potentially lethal mission.
NASA arranged ‘insurance covers’ whereby the crew autographed a number of postal envelopes, as close to launch as possible, the assumption being that these would soar in value if the crew died on the mission, leaving sufficient funds to take care of their families.
Protection for everyone
Fortunately, it’s much easier for the average person to obtain protection insurance these days, it’s important to have everyday risks covered.
Once in a blue moon?
It can be difficult to think that the worst might happen, but it’s best to be financially prepared for illness or death, to give you and your family valuable peace of mind.
Most families would have to cut their living costs in order to survive financially in the event of the main breadwinner falling ill or dying prematurely. Family protection can be set up to pay a lump sum or a regular income on death or diagnosis of an illness of a family member.
Everyone should consider protection even those who don’t have a family or a mortgage! Unless they have substantial savings or inherited wealth most people rely on their salary to pay for everything. If that income were to stop, due to an illness or death how would they or their family continue to pay the mortgage or rent, utility bills, school fees and holidays?
Get in touch
Taking out protection will give peace of mind that if the worst does happen, they will still be able to pay the bills. If you’re not sure where to start, please get in touch. We aim to help you find the most suitable life insurance policy for your circumstances, giving you peace of mind.
As well as life insurance, Clifford Osborne also offer a range of advice on pensions, investments, equity release, mortgages and more.
We are based in Eastbourne, East Sussex, but during the current situation, we are successfully carrying out meetings online with our clients.
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The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.
It is important to take professional advice before making any decision relating to your personal finances. Information within this blog is based on our current understanding of taxation and can be subject to change in future.
It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK; please ask for details. We cannot assume legal liability for any errors or omissions it might contain. Levels and bases of, and reliefs from, taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor.
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.
If you withdraw from an investment in the early years, you may not get back the full amount you invested. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Taxation depends on individual circumstances as well as tax law and HMRC practice which can change.
The information contained within the blog is for information purposes only and does not constitute financial advice.
The purpose of the blog is to provide technical and general guidance and should not be interpreted as a personal recommendation or advice.
*Pensions Policy Institute, 2019
