Protecting what matters most
Financial resilience is the ability to recover quickly from an unexpected financial shock. Many of us insure our homes and cars without really thinking about it, but far fewer insure their lives and incomes.
If you were unable to earn due to illness, have you thought about how you would pay your household bills? Savings can and do help in the short-term. But what happens when they run out? What happens if an illness goes on for three, six, or even 12 months? What then? Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that, if the worst should happen, the right amount of money will reach the right hands at the right time.
This guide covers the following areas:
- LIFE INSURANCE
How to guarantee your loved ones will be financially secure, should the worst happen
- TYPES OF TERM COVER
The different types of insurance available
- HEALTH INSURANCE
Using income protection and critical care cover to protect your income
- MEDICAL INSURANCE
How to secure access to private health care, should you need it
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This publication is for general information and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication.
The Financial Conduct Authority does not regulate tax advice.