“Putting money away for a rainy day” in Rayne
Whilst most people in Rayne wouldn’t enjoy discussing their end of life planning, or planning for critical illness, it is important to discuss the financial aspects of these events to ensure that you and your family would not suffer financial hardship should anything happen to you. Most people are comfortable using the phrase “putting money away for a rainy day” however, even using this less morbid euphemism, it is often the case that this important element of financial planning is left undiscussed. Without a secure financial plan in place to protect you financially following unfortunate life events, you and your family may fall into financial difficulties causing additional stress at a difficult time.
It is advisable to review your income and expenditure regularly to ensure that you are not over-committing financially as well as to ensure that you are making the most of your money, in terms of savings, investments and pension plans. Whilst you cannot predict the events of the future, it is advisable to be somewhat financially future-ready by setting up saving accounts, or taking out products to financially assist you in the event that you befall an accident or illness that left you unable to financially provide for your family.
Andrew Douglas Wills and Legal Services offer a range of legal services that are designed to give financial assistance to you and your loved ones should an unexpected event occur. Through our trusted partner, we can appoint you a personal independent financial advisor who can discuss your requirements and options for your tailor-made products including Critical Illness Cover and Life Assurance. Both of these products pay out a lump sum of money which you and your family can use at your discretion in order to financially assist you. If you are diagnosed with a critical illness, not only may you be unable to continue to work, you may need to pay for additional medical treatments, travel costs to specialist facilities, or you may even need to make home adjustments to facilitate your living during your illness. If you take out a Life Assurance policy, you choose a beneficiary to receive a lump sum of money which is paid out upon your death. This money could be used to pay off the mortgage on your family home, or simply be used to supplement your family’s finances at what would be a distressing time.
Therefore if you would like to guarantee a lump sum pay out for you or your family in the event of your death or if you should fall seriously ill, contact Andrew Douglas Wills and Legal Services today. Whether in Rayne or the surrounding areas of Essex, Andrew Douglas Wills and Legal Services offer a free initial consultation to discuss your options and answer any queries you may have regarding securing financial peace of mind for your family.
Posted and maintained by Gareth Davies | B2B Webmasters
Written by Laura Richardson.
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