Life Cover and protecting you and your family

The advice we received from Mark at New Leaf Financial Services was both practical and very helpful. He was incredibly thorough in assessing our situation and plans, before recommending options for us to consider.  We had been hesitant about approaching financial advisers in case there was pressure to take on their suggestions – our experience with Mark was completely the opposite. We very much trust his judgment and ethics and wouldn’t hesitate to recommend him.

Ruth – Hebden Bridge, West Yorkshire.

People ask us all the time why they need life insurance. There are many reasons, but the principle is always the same – peace of mind. If you have someone who depends upon you financially, here are a few points you may wish to think about.

  • If you were to die today, how would this impact on your family’s or dependents financial position?
  • Will they have enough money to cover for life’s basic needs, like food, housing and bills?
  • Could they keep up any mortgage payments, or may they risk defaulting on a mortgage and thereby, losing their home?
  • Do you have enough savings to cover loss of earnings if you cannot work?
  • Would your family be able to afford to pay your medical bills?
  • Will there be funds to provide the further education for your children that you’ve always wanted?

We had been hesitant about approaching financial advisers in case there was pressure to take on their suggestions – our experience with Mark was completely the opposite.
Ruth – Hebden Bridge

Do you have enough life cover? The answer is almost certainly no and if that is the case, then you’re definitely not alone! The gap between the levels of cover we actually have and that we should have has never been greater and is growing by the day. In addition, many people take out a policy in the mistaken belief that that is ‘me covered’ and then don’t update it as key events happen later in their lives, leaving them under insured.

Key reasons to consider buying life insurance include;

  • Protecting your income.
  • You change your job, or your salary increases.
  • Buying a home with a partner.
  • Getting married or entering into a civil partnership.
  • You start (or add to) a family.
  • Taking out a loan.
  • Protecting your beneficiaries against Inheritance Tax.
  • If someone else looks after you.

As with car insurance, the cost of life insurance varies dramatically between the various providers. We can not only advise you on the level and types of cover you require, but also find you the most cost effective solutions for you, as an individual. We’re able to do that, as we have offer life insurance products from all insurers.

Top 10 reasons to use an IFA

  • Business protection
    My business needs protecting should anything happen to key employees.

  • Buy to let mortgage
    I’m looking at a second property as an investment.

  • House purchase
    I need mortgage advice.

  • Investments
    I wish to maximize tax efficiency.

  • Inheritance tax
    I wish to look at ways in which I could save tax.

  • Portfolio investment advice – I’m not getting the level of service I need on my existing investments.

  • Investment income – I need to provide additional income.

  • Pension advice – I wish to build up a fund to produce income, when I retire.

  • Retirement advice – I wish to make the most of my pension funds as I’m retiring.

  • Guaranteed investments – I have money in the bank, but would prefer not to take risks.