Financial protection can come in various forms and it is set in placeto cover specific instances in your life.
At Iconic, we will sit down with you to understand and discuss the potential impacts that redundancy, illness or death can have on you, your loved ones and where applicable your business.
• Commitments – This can be because of a mortgage, business need or debt
• Income – Ill health and death can lead to an upheaval in lifestyle at a point when it is least needed. Protection has to also provide an income as well as funding commitments, this needs regular reviewing
• Tax – Protection can be used to fund any potential tax requirements with particular emphasis on Inheritance tax
The majority of people have inadequate protection, this can be due to changes in circumstances overtime.
We will review you current position and determine what is required and importantly, what is affordable. Having peace of mind that your family will be supported in this situation does give peace of mind should an illness arise, we aim to ensure you will never be worrying about a lack of planning and instead you will be fighting any illness ready to enjoy life once better.