Personal and family protection
Personal and family protection may not always be an obvious priority. However, the enormous impact that a sudden death or serious illness can have on a family should not be easily dismissed.
Protect what matters most
Thinking about what happens to our family after we pass away can be a difficult event to plan for but should be prioritised in any financial plan. As well as planning for events you want to happen, you also need to plan for when things are not going to plan. One of the biggest threats to a financial plan is a significant change in future earning potential, so this must be protected.
Personal and family protection can provide financial support at a time when your loved ones may need it the most. It can help to ensure that when you pass away household payments like a mortgage, funeral costs or the cost of raising children are met.
Our team can help to preserve your family and intergenerational wealth with bespoke advice on insurance policies, inheritance and trusts. This can help give you that peace of mind knowing you have safety nets in place should the worst happen.
Our team of planners have been celebrated with accolades from awarding bodies such as FT Adviser, Citywire, Yorkshire Financial Awards and many more.
Our team works closely with families across multi-generations to ensure all members are supported on their financial journey.
Combining guidance and support from Progeny’s Corporate Legal team, Private Legal team and Wealth Management team, we are able to provide truly holistic support.
As a B-Corp certified firm, we are proud to join a select group in the UK professional services, committed to high standards of social and environmental impact globally.
Personal and family protection services
Knowing that your family’s financial needs will be catered for should the worst happen can give you and your family peace of mind. If you would like to speak to our team of experienced financial planners to discuss your personal and family protection, please do get in touch.
01
Life and health insurance
These types of insurances put money in the hands of those who need it when a family member falls seriously ill, has an accident or passes away suddenly.
02
Income protection
If you are unable to work due to sickness or disability, income protection insurance can give you a regular income and will continue to pay until you return to work or retirement.
03
Medical insurance
These policies help you to afford the cost of private medical treatment.
04
Joint life policies
There may be situations where you would want to take out a policy on more than one life – this is sometimes used for inheritance tax planning.
05
Calculating your needs
We take the time to understand your financial situation, your needs, preferences and views.
Protection Guides
Do I need critical illness and income protection cover?
Critical illness and income protection insurance policies can help to ensure you have an adequate financial safety net in place if you were to fall se…
Critical illness and income protection insurance policies can help to ensure you have an adequate financial safety net in place if you were to fall se…
Read more
Are bank deposit protections set to rise?
After recent volatility in the banking sector, is the current maximum protection for bank deposits likely to be increased? Currently, the maximum depo…
After recent volatility in the banking sector, is the current maximum protection for bank deposits likely to be increased? Currently, the maximum depo…
Read more
Frequently Asked Questions
This is a financial safety net in place to support you and your family if the main earner dies or becomes critically ill during a period of time.
There are many forms of family protection to consider; life insurance, health insurance, critical illness, income protection and medical insurance. What type of insurance you should take out depends on your goals and needs.
Many of us insure our homes and cars without really thinking about it, but far fewer insure their lives and incomes. Savings can and do help in the short-term, but what happens when they run out? Or if an illness goes on for three, six, or even 12 months? It’s important for everyone to have some form of family or personal protection in place.
Working with a financial planner can help to ensure your cover is protected in times of high inflation. Having regular reviews to assess your needs and circumstances is key to successful financial protection.
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Please note
This communication is not advice. The value of investments and income from them is not guaranteed, can fall, and you may get back less than you invested. Your capital is therefore always at risk. Past performance is not a guide to future performance. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.
*Failure to pay premiums can result in the policy lapsing, meaning the policy will not pay out and premiums paid may be lost. Premiums may increase over the terms of the policy, especially with reviewable premiums. The value of a claim may be eroded by inflation.
The Financial Conduct Authority does not regulate income tax planning, will writing, inheritance tax planning.
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