Insurance Advice

Planning for the unpredictable

Nobody knows what the future holds.

As a result, I typically advise my clients to take insurance when planning for three possible events - If they:

Are unable to work for a period of time (from an illness or injury),
Are diagnosed with a critical illness,
Die.

Although it can be unpleasant to think about any of the above happening to you or a family member, planning ahead for these eventualities can greatly reduce their financial and emotional impact.

Listed below is a brief outline of the main types of insurance upon which I advise.

Life Insurance

This pays out a tax-free sum of money if the insured person dies.

This policy can help provide for your family in your absence, and they can use the money for any purpose, for example:

Supporting family members
Repaying a mortgage
Replacing a lost income

The money is most often paid as a lump sum, but there are policies which pay a regular income if that would be better suited.

Critical Illness Insurance

This pays out a tax-free sum of money if the insured person is diagnosed with a specified critical illness.

Surviving a critical illness can have serious financial implications.

You might be unable to earn your usual income, while still needing to meet mortgage/rent payments, and pay essential bills.

Critical Illness Insurance can provide support for you and your family at a crucial time in your life, when you may be at your most financially vulnerable.

As above, the money can be used for any purpose and is often paid as a lump sum, but there is the option to receive a regular income.

Income Protection

This pays out a tax-free income if the insured person suffers a loss of income as a result of an illness or injury.

The reasons for claiming on an income protection policy can vary greatly. Just a few different examples are:

Muscular problems
Mental health related time off work (such as depression)
Circulatory issues

The price of an income protection policy is based on your occupation, current circumstances, and medical history.

Income Protection policies can be very flexible, and some insurers even offer extra benefits such as:

Topping up your income if you are able to return to work part-time on lower pay
Offering financial and emotional support if a close family member is taken ill
Additional pay-outs for broken/fractured bones
Additional pay-outs for nights spent in hospital

Please contact me for more information about this service.

My Approach

Step 1 - Establish Relationship

Inform you about the planning process, the services I can offer, and my competencies and experience. We will determine whether the services I offer could meet your needs and agree on the services to be provided.

Step 2 - Collect Information

We will identify your personal and financial objectives, along with your needs and priorities which are relevant to my engagement with you, before making recommendations. This involves collecting hard (quantitative) and soft (qualitative) facts about you and your circumstances.

Step 3 - Analyse and Assess your Financial Status

I will analyse your information and develop a thorough understanding of your circumstances. I can then assess the strengths and weaknesses of your current financial situation, and compare them to your objectives, needs and priorities.

Step 4 - Develop and Present Insurance Recommendations

I'll then consider strategies relevant to your situation, and develop a recommendation that could meet your objectives, needs and priorities. I'll then present this plan to you along with my rationale for the recommendations, so that you can make an informed decision.

Step 5 - Implement Insurance Recommendations

We will agree on the implementation, and I will also have identified appropriate products and services to work alongside the recommended plan.

To Request a No-Cost Initial Consultation...

Click Here

07707 900607

dan@abacusfinancialoptions.co.uk

Abacus Financial Options,

Arena Business Centre,

9 Nimrod Way,

Ferndown, Dorset

BH21 7UH

Insurance Advice

Planning for the unpredictable

Nobody knows what the future holds.

As a result, I typically advise my clients to take insurance when planning for three possible events - If they:

​

Are unable to work for a period of time (from an illness or injury),

Are diagnosed with a critical illness,

Die.

​

Although it can be unpleasant to think about any of the above happening to you or a family member, planning ahead for these eventualities can greatly reduce their financial and emotional impact.

​

Listed below is a brief outline of the main types of insurance upon which I advise.

​

Life Insurance

​

This pays out a tax-free sum of money if the insured person dies.

​

This policy can help provide for your family in your absence, and they can use the money for any purpose, for example:

​

Supporting family members

Repaying a mortgage

Replacing a lost income

​

The money is most often paid as a lump sum, but there are policies which pay a regular income if that would be better suited.

​

Critical Illness Insurance

​

This pays out a tax-free sum of money if the insured person is diagnosed with a specified critical illness.

​

Surviving a critical illness can have serious financial implications.

You might be unable to earn your usual income, while still needing to meet mortgage/rent payments, and pay essential bills.

​

Critical Illness Insurance can provide support for you and your family at a crucial time in your life, when you may be at your most financially vulnerable.

​

As above, the money can be used for any purpose and is often paid as a lump sum, but there is the option to receive a regular income.

​

Income Protection

​

This pays out a tax-free income if the insured person suffers a loss of income as a result of an illness or injury.

The reasons for claiming on an income protection policy can vary greatly. Just a few different examples are:

​

Muscular problems

Mental health related time off work (such as depression)

Circulatory issues

​

The price of an income protection policy is based on your occupation, current circumstances, and medical history.

​

Income Protection policies can be very flexible, and some insurers even offer extra benefits such as:

​

Topping up your income if you are able to return to work part-time on lower pay

Offering financial and emotional support if a close family member is taken ill

Additional pay-outs for broken/fractured bones

Additional pay-outs for nights spent in hospital

​

Please contact me for more information about this service.

​

My Approach

Step 1 - Establish Relationship

Inform you about the planning process, the services I can offer, and my competencies and experience. We will determine whether the services I offer could meet your needs and agree on the services to be provided.

​

Step 2 - Collect Information

We will identify your personal and financial objectives, along with your needs and priorities which are relevant to my engagement with you, before making recommendations. This involves collecting hard (quantitative) and soft (qualitative) facts about you and your circumstances.

​

Step 3 - Analyse and Assess your Financial Status

I will analyse your information and develop a thorough understanding of your circumstances. I can then assess the strengths and weaknesses of your current financial situation, and compare them to your objectives, needs and priorities.

​

Step 4 - Develop and Present Insurance Recommendations

I'll then consider strategies relevant to your situation, and develop a recommendation that could meet your objectives, needs and priorities. I'll then present this plan to you along with my rationale for the recommendations, so that you can make an informed decision.

​

Step 5 - Implement Insurance Recommendations

We will agree on the implementation, and I will also have identified appropriate products and services to work alongside the recommended plan.

​

To Request a No-Cost Initial Consultation...