Protect your Family’s Financial Wellbeing
Protect Your Financial Wellbeing
As we grow older, protecting our loved ones becomes more of a priority. Which is why it’s essential to have the correct financial provisions in place to support your family’s financial wellbeing, for a time when you can’t.
Unfortunately, many people don’t know where to start when it comes to organising their finances. This includes important assets such as bank accounts, mortgages and other securities.
Here at Financial Foresight we have outlined the following basic provisions worth considering when it comes to protecting your family’s financial wellbeing.
1. Critical Illness Cover
Falling critically ill can happen to anyone at any time. If this does unfortunately happen to you, it’s best to be prepared so your household doesn’t suffer. With critical illness cover you can have peace of mind that a source of income is coming through despite being unable to work.
2. Make a Will
Despite this being an obvious provisionary – many people die without making a will which can have damaging consequences for their families. Creating a will means you can distribute your assets to your liking and look after friends, children or pets. Financial Foresight have expert advisors on site to assist with making a will.
3. Estate Planning
Property can be a main worry for families when it comes their finances. If a household’s income is reduced or somebody passes away, Estate Planning could help ease the stress. Whether it’s your home, car, furniture or personal possessions, Estate Planning can help keep you covered.
4. Savings
Having a safety net of money to fall back on can come in handy at any point. That’s why it’s worthwhile getting into a habit of saving a percentage of your income every month. That way you will quickly build up an emergency fund should you need to avail of it.
Financial Foresight
If you’re in need of trusted independent advice feel free to book a free, no obligation consultation with our financial advisors today. We’d be happy to help!
