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As Financial Planners, our role is to help our clients plan for their financial future.
However, when we deal with clients who are starting a family, the first question we ask is whether they have policies in place that can cover you, your family or your business in the event of illness or death? Unfortunately, more often than not they do not have suitable provisions in place. It is important to us that our clients clearly understand what your life insurance or protection covers you for. Providing our clients with accurate information is important to us.
Protecting your family with Financial Advice from Financial Advisors
There are several ways in which you can protect yourself and your family in the event of an untimely death or illness and with almost 10 years’ worth of experience in the industry, we assist clients by sourcing the most appropriate Protection policies for their needs.
For many of our clients, insurance is a priority and not an option and we can tailor the policy to your exact specifications and budget.
The whole of market financial planners across Barnet and Finchley
We are whole of market, which means that we are not tied to any providers and so we are able to select which providers we believe will be the best fit for you.
Whilst many of the providers offer similar policies, they all have different qualifying criteria. As such your age, personal medical history and family medical history can all play a big part in determining which provider will be the most suitable for you.
This policy is for the worst-case scenario and pays out a lump is you pass away during the term of the policy. These policies are not just for paying off the mortgage, they are also essential to help families cope with everyday money worries such as household bills, childcare and replacing a lost income. We understand that it will not replace the person lost but it means that your children and your spouse’s life does not have to change and they can still do all of the things they enjoy.
Critical Illness Cover
This policy pays out a lump if you are diagnosed with one of the critical illnesses covered on the policy. The payout is to help families cope with potential time off work, reduced income, mortgage payments, household bills and paying for additional medical treatment.
Unfortunately, we are all far more likely to suffer an illness when we are starting a family than pass away, and as a result, these policies give our clients peace of mind.
Children’s Critical Illness Cover
Many providers will protect your child if they are diagnosed with a critical illness. Whilst this is a scenario that no parent wishes to consider, unfortunately, it can happen and the payout is designed to help financially if a parent needs to take time off work or wishes to pay for additional medical treatment.
Income Protection Cover
This policy is designed to replace a pre-portion of your salary if you are medically written off work due to illness or injury. These policies are designed to pay monthly so that your lifestyle can be maintained and bills can be paid.
Furthermore, if you are off work for a significant amount of time, you do not have to worry about rushing back and you can concentrate on recovering
The Purpose of Life Insurance
The purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners. It can provide the reassurance of financial protection for you, your family and your business associates.
A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die. Even if there are no dependants who may be financially affected by your death, some Life Assurance policies could go towards covering funeral costs.
The type of Life Assurance and the amount of cover will depend on an individual’s particular circumstances and requirements. Factors to consider will include age, dependants, level of income and financial liabilities.
Premiums are normally paid to the insurance company either monthly or annually for a fixed period of time or in some cases, until death.
Types Of Life Assurance
While the overall concept of Life Assurance is fairly easy to understand, there are some complexities.
Most importantly, there are different types of Life Assurance products, covering Term Assurance, Whole of Life, Endowment policies and others.
However, because of the many options and flexibility, Life Assurance can be a powerful instrument in your financial planning toolkit.
Aspire Online can help with the following;
Critical Illness Cover
Critical Illness Cover for Children
Saving & Investments
Some Testimonials below;
Andrew “I have been a client of Aspire Independent Financial Planners for the last 15 years during which time I have received financial advice and services on a personal and company basis. In every aspect, I have found Jeff and the team at Aspire patient, informative and professional across a range of subjects and areas covered. From a personal perspective, I have had advice on investments, mortgages and insurance policies, often in great depth and with informative attention to detailed research. Aspire has also provided pension advice, consultation and administration of plans for ten members of my staff across a range of different providers. Most recently they have created a group scheme for all relevant staff to ensure a smoother administration of our company pensions. I have no hesitation in recommending Aspire very highly indeed to any prospective client and have had nothing but valuable and positive input from them over a number of years.”
Tony “I am writing to thank you for an “excellent job done” in reorganizing my Pensions, Life Insurance and Savings, and because of that I will now be better off than I thought I would be when I eventually retire. I was impressed by the way you put me at ease and explained what needed to be done in plain simple terms that anyone could understand. You explained everything upfront so there were no surprises when the charges and or commissions for the services provided needed to be addressed. Thank you again, and we would have no hesitation in passing on your name to those who will benefit.”
George “I recently had a meeting with you to discuss my future plans for pension, life assurance and other financial advice. After a lengthy meeting with you, I left with the knowledge that I needed to review my financial situation. You highlighted areas in my life where a review was required and after your consultation, I have made the necessary changes to allow me to maintain my lifestyle without any real major changes, a few tweaks here and there and a tightening of my belt in some areas was all that was required. If it were not for your advice, I would not have carried out this review, which was badly overdue. I would like to take this opportunity to say thank you and to recommend your services to anyone who feels that a review of their financial situation may be needed. Your “cradle to grave” service certainly helped me and I would advise anyone who wants to avoid an early grave due to a stressful situation over their finances, then they should certainly book an appointment with you now.”
Financial Advice for growing families
At Mybump2baby it is important to us that parents can access professional advice from independent financial advisers. Being able to access a whole of market adviser in Barnet and Finchley is great for parents and growing families. We are passionate about being able to link parents with financial planning professionals to ensure that they help families achieve their goals when it comes to insurance and planning for both their own and their children’s future.
Financial Planning with Aspire Independent Financial Planners LLP
Aspire Independent Financial Planners LLP is a Limited Liability Partnership and is authorised and regulated by the Financial Conduct Authority. Aspire Independent Financial Planners LLP is entered on the Financial Services Register (www.fca.org.uk/register) under reference 456867.
The FCA does not regulate Will Writing, National Savings products or some forms of Inheritance Tax Planning, Buy to Let Mortgages or Offshore Funds.
The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
If you wish to register a complaint, please contact us either in writing at: Aspire Independent Financial Planners LLP Aspire House, 17 Station Road, Finchley, London, N3 2SB or by phone 020 8371 4411.A summary of our internal complaints handling procedures is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4567.
Registered address same as company address.
Registered in England under reference: OC317451.
- Insurance & protection
- Pensions & retirement
- Financial planning
- Tax & trust planning
A complimentary financial review assessing the suitability of your personal and company Life, Critical Illness and Income Protection provisions.
Complimentary Review of Individual Financial Planning Needs
Complimentary Review of Individual Financial Planning Needs