How much insurance do you need to protect your wealth and household finances? After all, the list of policy types can get quite long with insurance for cars, pets, homes, travel, health, life and income. In reality, most people cannot afford full cover for all insurance types and so need to focus their budget on…
Many self-employed people struggled during the COVID-19 pandemic. With the onset of social distancing restrictions, quarantine and work-from-home orders, several businesses struggled to keep going. Hairdressers, tattoo artists, photographers and others could not meet their clients…
The NHS is under great strain at the moment. A&Es are turning away ambulances, with over a quarter of ambulances waiting 30 minutes (or more) to deliver patients to hospitals. Partly, the situation has been driven by surging hospitalisations from COVID-19 – which has also caused thousands of…
We have all heard of life insurance – but what about family income benefit? For those with small children or other dependents, this can be a great option to boost your financial protection should the worst happen. In this guide, our team at Elmfield (financial planners in Padiham, Burnley, Lancashire) explains how…
How secure are your finances should the “worst happen”? With the arrival of a new year, 2022 brings the opportunity to take a fresh look at your financial protection. However, this subject can seem formidable – meaning it is easy to put off. Below, our team at Elmfield offers this short guide…
The COVID-19 pandemic has been a stark reminder of our own vulnerability. Here in the UK, after so many years of peace and a rising standard of living for many people, it has been easy for lots of us to forget that life can be frail. How can you prepare your household finances to weather the worst, even as you plan…
Taking out a policy for life insurance, critical illness cover (CIC) or income protection is a big decision. Not only is there a monthly cost to factor into your finances, but there is also a range of checks which are required to ensure that the protection in question meets your needs. In this article, our team here at Elmfield Financial Planning…
In 2020, financial protection has increasingly gained public attention in the wake of coronavirus. Many people are understandably worried about their health, jobs and income – wanting to make sure their loved ones have access to maximum financial stability should the worst happen. Life insurance is particularly important in this respect – providing a much-needed lump sum to your surviving family members…
Recent Comments