Most people go through lives planning their future and the future of their offspring. Often we never stop to think about the “what ifs”:
˙ What if: We were to die prematurely?
˙ We were unable to carry on working?
˙ We contracted a serious illness?
The above possibilities are not those that we like to dwell upon but unfortunately life tends to throw them upon us. It is a financial adviser’s duty to examine these issues with you and to help you decide if there would be a potential problem.
The days of relying on the State to care for us in case of poor health are long gone and we have to take the responsibility upon ourselves. You will find that the financial advisers that we use will take this issue seriously, even if you find it unpleasant, and we have provided more information on private medical insurance (PMI) under a separate section.