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Finances are easier to control than fate

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Explorer Sir Ranulph Fiennes was devastated when he was forced to pull out of his challenge to trek across the Antarctic recently. Severe frostbite put paid to the trip meaning years of planning and training were wiped out in an instant.

Most people hesitate before leaving the house if there’s a thin layer of snow on the ground, so the thought of walking for months in temperatures as low as –70C is completely incomprehensible. But there again most people are not intrepid explorers.

But we are all at risk of becoming victim to an unforeseen event that is completely out of our control. Take a serious illness. No amount of forward planning can avoid it and coming to terms with a diagnosis will be extremely hard on individuals and their families. The last thing anyone in this situation will want to worry about is how they will cope financially.

This is where a bit of forward planning and preparation can help and in fact is essential.

Having some critical-llness cover or income protection in place means that bills can still be paid. And importantly the emphasis can be placed on recovering rather than worrying about finances. Advisers are key in setting people up with a secure financial future and while people can’t prevent a serious illness happening, they can prepare for the financial consequences.

The world’s greatest explorer may have had to abandon his dream but make sure your clients don’t have to abandon theirs.

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