Financial Protection: Why Get Your IFA Involved?

August 24, 2020

You insure your home, your car, your watch collection, but are you insuring your most important asset? Your finances.

It’s all very well and good building up your wealth but if you’re not protecting it, you could end up swindling your fortune away covering life’s unexpected events. Or leave your loved one with considerably less than they deserve when you shuffle off your mortal coil.

Why financial protection is so important

Financial protection may not be exciting, but it’s essential. We believe that, at the very least, you should consider life insurance and critical illness cover to make sure you are prepared for whatever life (or death) throws at you. But the list of possible covers doesn’t end there. There are a whole host of options out there – to the uninitiated it can feel pretty baffling. The best choice for you will depend on your individual circumstances.

You may think that you are in reasonably good health so will continue to provide for your family for many years to come. Life, however, is unpredictable.

No one can foresee what will happen in the future. You can’t be sure that you won’t fall seriously ill or suffer as a result of an accident. While medical advances mean you are more likely to survive a serious illness, you are also more likely to require additional care and support for the rest of your life. Sounds expensive, doesn’t it?

Should you find yourself up against unforeseen circumstances, the last thing you want is to have financial worries on your plate too. That, dear readers, is why protecting your finances is so important.

Protecting your money means protecting your family

The stark fact is, most people are considerably underinsured. Should the worst happen, they would risk losing their lifestyle, their home and could end up leaving behind family to struggle financially.

What can you do?

The most effective way to ensure this doesn’t happen is to be prepared. Take time to build protection into your financial plan. You will be safe in the knowledge that, should the worst happen, you are in a position to deal with it. Without compromising your or your family’s lifestyle.

Make use of your Financial Adviser

You might not initially consider using an Independent Financial Adviser (IFA) for insurance and protection. But, when you think about it, why wouldn’t you? Your adviser already has knowledge of your financial situation which makes them best placed to ensure you are getting the right level of cover.

Benefits of protecting your finances with GreenSky Wealth

Here at GreenSky Wealth we think financial protection is really important. This is why we positively encourage you to ask us to take care of it for you.

  • Protecting your finances with GreenSky Wealth is as easy as pie. Arranging cover can be a bit of a bother. Working out the exact type and value of cover you need takes time. You don’t want to underinsure yourself or, equally, pay more than you need to for your policy. We will tie the cost of your protection in with your whole plan which keeps everything in one nice neat package.
  • Experience is king. We have clocked up many years in the financial industry. Over time we have had our fair share of experience handling more complicated cases. This knowledge is invaluable, especially where there are a lot of assets to protect or where your circumstances are a little out of the ordinary.
  • Let us do the hard work. If you need to make a claim, we will handle it for you. It saves you the hassle and stress of doing it yourself. Let’s face it, making a claim is probably the last thing you will want to do in the face of an unfortunate event.

Having GreenSky Wealth look after your life insurance or critical illness cover sounds like a great idea now, doesn’t it! Get in touch to talk to us about your financial protection requirements.