Contingency Planning- what's that?

Things you need to know-but probably don't want to.

Should disaster strike, will you [and if you have one- your family] survive financially?

·         When was the last time you reviewed your life assurance cover?

·         Does it include terminal illness benefit, will it pay out the full amount on diagnosis of terminal illness rather than waiting for you to die?

·         If you are in a partnership, is your partner also covered?

·         How would you be able to work if anything happened to them?

You think it can't happen to you?

·         In an average year in the UK alone over 150,000 men will have their first heart attack - over 50% will still be alive one year later.

·         Almost 250,0000 people are diagnosed as having some form of cancer every year - nearly 40% of these sufferers will survive for at least five years.

·         At least 120,000 men and women will suffer a stroke every year - 70% of them will still be

alive one year late

·         For men aged 30 the possibility of suffering a terminal illness before 65 is 1.5 times greater than the probability of dying.

·         For women the probability is twice as great.

If it does happens to you, what can solve the financial problem?

·         Life Assurance can pay a lump sum on death, which could be used to clear a loan,

·         mortgage etc.,

·         Terminal Illness benefit  can pay a lump sum on diagnosis of a terminal illness [i.e. Cancer] Either could be used to clear a loan or mortgage, or be invested to provide income for your dependants.

·         You aren't going to be able to provide any further income if you're dead or terminally ill!

You probably know someone who has been through this, as well as the stress, was there money to keep everything going?

·         What would you want to do if you were given less than three years to live?

·         Do you know how much money would you need?

·         If anything happened to you, how much money would your family need to carry on?

·         Money can't buy your health or your life back, but it will ensure that things can continue.

·         Don't just think about the income earner, if a mother dies or gets sick, who looks after the children?

EUR 500,000 international life/ terminal illness cover for a 35 year old can cost just EUR 1250 a year [25-year term].

Peace of mind for less than EUR 3.50 per day!

Rates for cover are dependent on your age and fitness at the time you apply.

·         Once you start.........the rate you pay is fixed.............for as long as you have the cover.

·         The older/less fit you are when you apply the more you pay!

·         Buy now, it can NEVER be cheaper!

Can I get my money back if i don't die?

Yes, you can, although it costs a bit more monthly, most YFSOL clients prefer  this route.

You insure your car/possessions, don't your life and lifestyle deserve as much?

If you have the goose that lays the golden eggs, which do you insure: the goose or the eggs?