When we think of once majestic temples in Rome, Greece or even our own beautiful Edinburgh, that through time have been withered by the elements and threatened by life’s nature and are now in ruins, we usually see one thing still standing...... the pillars!
These pillars remained strong, maintaining their position as something to rely on, to hold up whatever remained and stood robust against the threats unknown whilst all around them fell, crumbled and collapsed.
The 3 pillars of protection are YOUR pillars.
Pillars that will hold up financially whatever needs supported whether that be you, your family and loved ones, the roof over your head, your business or those that simply rely on you!
The INCOME PILLAR is your everyday financial picture. We will talk about your need for income and your financial obligations so that we can help you put appropriate plans in place to help take away the financial stress that can come along if you were unable to work due to illness or injury.
How would you pay your mortgage, rent or bills? What would your priorities be?
For most of us our biggest concern would be surviving the illness and recovering from it, but it can be difficult to focus 100% on getting better if you’re worried about the next big bill that’s going to come through the door. Sadly, this is a reality for many families whose lives have been turned upside down by illness.
Income protection insurance pays, as its name suggests, a regular income to cover your outgoings in the event you are unable to work due to illness or injury and Critical illness cover can pay a single lump or monthly amount in the event you are diagnosed with a specified medical condition.
The HEALTH PILLAR will see us discuss physical and financial health and how you look after them both. It is important that we understand your past and present health as well as your experiences of medical care. This will ensure the advice you receive is personal to you.
Health insurance, also known as private medical insurance, gives you access to high-quality private medical facilities and medical treatments at a time and place that suits you. This can offer significant advantages in terms of time, quality of care, convenience and comfort. Some of the benefits include: Not only fast access to private medical treatment across a wide range of hospitals but also access to the latest drugs and treatments.
However, what about "extra" support that could be beneficial to your health?
Most insurance providers now offer, at no extra cost, additional care services. These cover things like support for serious and long-term physical and mental illnesses, trauma, eldercare and bereavement (just to name a few).
In our LIFE PILLAR discussion we look at family & business needs as well as legacy ambitions and anything else that's important to you! Our aim is to provide clients with peace of mind so that even when they are no longer here they can still protect what matters. As we grow older, get married, build families and start businesses, life insurance should be a fundamental part of having a sound financial plan.
By having life insurance you’ll find comfort in knowing money will be available to protect your loved ones and what matters most to you in the event of your passing.
This kind of cover is used predominantly to ensure a mortgage can be repaid or to provide a lump sum or monthly payment to your loved ones in the event of your death and it also allows businesses to be protect against the death of a key individual or shareholder.
Life Cover It’s one thing you can be sure of and you’ll no longer have to question whether they’ll be taken care of when you’re gone.
3 Pillars Financial Planning is a Trading Name of Trusted Mortgage Advice Ltd which is Authorised and Regulated by the Financial Conduct Authority. Trusted Mortgage Advice Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 801545.
Trusted Mortgage Advice Ltd is registered in Scotland no. SC585735. Registered office, 15 Lingerwood Lane, Edinburgh, EH16 4WW.
If you wish to register a complaint, please write to Trusted Mortgage Advice Ltd, 15 Lingerwood Lane, Edinburgh, EH16 4WW.
A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints 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 0234 567.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK
Copyright © 2019 3 Pillars Financial Planning