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Reviews and Ratings for Financial adviser Matthew Duncan, Derby

Why is protection important?

"We can offer Independent Protection advice from the whole market to ensure you have the right products for your needs".

Protection or Insurance has many different names and acronyms in the financial world which can be very confusing.

An example of some of these names and acronyms would be:-

Mortgage protection, Mortgage Insurance, Mortgage Cover, Life Insurance, Personal Protection, PPI, MPPI, Term Assurance, Level term assurance,Decreasing Term assurance, Life Cover, Critical illness or CI. 

A good Financial Adviser will be able to explain your protection options clearly and concisely, to ensure you obtain the right protection for you. Invest Southwest can offer real value when researching the required protection. As  Independent Financial Advisers we can search he whole market to find the right products at the right cost.

So why do we take protection? 

The aim of protection insurance is to help you safeguard your income, lifestyle or family finances

Why do I need protection insurance?

If you were off work for any length of time because of an accident or sickness, or if you were made redundant, there are still bills you'd need to pay, such as your rent or mortgage, gas, electricity and food.

Ideally we'd each have an emergency savings pot to see us through - many experts suggest having a rainy day fund of six months expenditure. However, that's just not practical for many of us. And while it may give you breathing space if you fall ill, it won't cover you or your family for long periods off work.

You should also bear in mind that the state benefit safety net increasingly won't pay you enough to maintain your current lifestyle.

What does protection insurance cover?

Protection insurance is designed to cushion you or your family against the impact of the unexpected. Events such as illness, accident, unemployment and death can serious effect your lifestyle and life choices.

There are a wide range of products available in the market place, each serving a different purpose, from private medical cover to life insurance, income protection to critical illness cover.

Which protection insurance product do I need?

There is a wide range of protection insurance policies on offer, all of which protect you against different events, and with widely varying cover levels. For most people, one single protection product probably isn't enough. For example, while life insurance will pay out if you die, it won't cover you for long-term illness or unemployment.

At Invest Southwest we will be able to assess all your protection needs, help you prioritize them and get you the best deal.

Contact us for a FREE initial consultation