Life and Health Insurance - CS Financial Advisers Ltd, Hounslow, Middlesex Independent Financial Advisers

Nobody likes paying for insurance…but we’re all really glad we’ve got it when catastrophe strikes.

Insurance is merely a method of transferring risk to another party. The risk of loss of income due to a disability, for example, is transferred to an insurance company which, in exchange for a monthly insurance premium, promises to replace a percentage of lost wages.

We all have a need for one form of insurance or another – though we don’t all have the same needs. A few ponderances:

If you are responsible for someone else’s sustenance, you need life insurance and probably some form of health insurance as well.
If you’re single, you must, must, must have income replacement insurance (also known as permanent health insurance, or PHI), but you probably don’t need life insurance.
If you’re keen to arrange your affairs so that your heirs are not liable to an enormous inheritance tax (IHT), life insurance might be your answer.
If you require prompt or regular medical attention, you should consider paying for private health cover (private medical insurance, or PMI).
If you’re age 50 or older and without ample financial means to fund specialised medical or custodial care, you need to investigate long-term care insurance.
If you’re a business owner, or in partnership, you must seriously consider a business buyout policy.

The question is not whether you can afford it….rather, can you afford not to have it?

tel: 020 8577 1000
email: enquiries@csfaonline.co.uk

CS Financial Advisers Ltd is an Appointed Representative of 2020 Financial Services Ltd., which is authorised and regulated by the Financial Services Authority
2020 Financial Services Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 197107