With the time she has left, Jade has decided to raise as much money as she can to secure her children’s future and the money she earns will be put into a trust fund for her sons.
The point this raises is how can we safeguard our family’s future? What steps can we put in place to make sure that if the worst happens, our loved ones will still be able to pay the mortgage and maintain a certain standard of living?
While most of us won’t find ourselves in a situation where we can sell our story to make money, we can safeguard our family’s financial future by ensuring that we have the right protection cover in place.
Protection products such as critical illness cover will ensure that money is available to either pay off the outstanding mortgage or at least to meet the monthly payments.
Discuss with your clients their protection needs and remind them that protection products don’t just pay out lump sums or income.
Some include features that are designed to complement the financial benefits of insurance.
Also, services such as Helping Hand can provide emotional and practical support at a time when money alone isn’t always enough to get you though the painful time.