Spellman Financial Services

protect yourself and your family in 2020

Protect yourself and your family in 2020

Security, just in case

While most of us don’t go through life expecting something bad to happen, the truth is that we never know what’s around the corner.

Why not make 2020 the year you put plans in place to safeguard yourself, your family and your home, so that you know you’re protected against life’s unexpected events?

When to take out Protection

Most people look into buying a Life Insurance or Critical Illness Cover following a significant life event: buying a home, getting married or having children.

Income Protection should be considered at any point, especially if you are paid less than 6 months sick pay.

Before taking out a policy, however, be sure to check if any protection cover is included in your workplace benefits including sick pay. Whilst any employer cover should be considered as an added bonus, it will still be taken into account by an Adviser when formulating a recommendation for you.

Review your Policies regularly

If you don’t review and update your policies on a regular basis, you could find yourself underinsured.

If you upsize and your mortgage increases, for example, your current policy might not pay out enough to cover your new monthly repayment.

In fact, a huge 73% of people aren’t sure they have the right level of protection cover.

By ensuring you regularly review your cover, you can make sure you’re not in this situation.

Reduce stress, both now and in the future

Do you worry about your income and how you and your family would cope if anything happened to you?

Are you ever concerned that you might struggle to keep a roof over your head?

One way to rid yourself of these niggling worries is to take out protection cover.

With only 44% of 18 to 35-year-olds saying they could cope for more than three months on their savings if they lost their income due to illness or injury, it’s more essential than ever to plan for these eventualities.

It's not just about Life Insurance

Protection isn’t just there to pay out to your family when you die.

You can also take out serious or critical illness cover, as well as policies that pay out if you get injured or made redundant.

With rent or a mortgage, household bills and other expenses, imagine how much stress could be alleviated if you have a steady income from an insurance policy while you’re unable to work.

It's not just about Life Insurance

This is an assumption many of us are guilty of making.

However, latest government figures for 2018 show that one in twenty-five employed people had a spell of long-term sickness absence.

It might not happen to you – but if it does, having cover could make the world of difference.

Why use ourselves

Spellman Financial Services is a Mortgage & Insurance Brokers in Coventry.

We can provide face to face advice to customers in Coventry & Warwickshire. Or a telephony service if you prefer, for Local or National Customers.

Luke Spellman, the Mortgage & Insurance Broker you will speak to, has over 10 years experience in Financial Services. 5 of which has been spent working directly with Mortgages.

Spellman Financial Services is an Appointed Representative of Openwork Ltd, which is authorised and regulated by the Financial Conduct Authority

Spellman Financial Services is registered for Data Protection purposes through the Information Commissioners Office