Right protection can ease financial stress

ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY AND SCOTTISH PROVIDENT
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY AND SCOTTISH PROVIDENT

Research carried out by Scottish Provident found that almost two in every five adults in the UK are stressed.

This is hardly surprising. The pressures of work, family life and financial worries will make many people feel as though they are on an emotional roller coaster.

Type ’coping with stress’ into Google and a host of websites will appear, offring various ways to manage stress from booking into silent retreats and taking deep breaths to avoiding tight-fitting clothing.

While some of these unusual remedies may help in the short term, a longer-term solution would be more likely to deal with the issue head-on.

Many things create stress and a lack of financial stability is likely to be one of the main causes.

The economic climate will make it hard for people to look beyond their immediate money pressures but they need to be persuaded to consider the long-term picture.

And this means looking at their protection needs. What would happen if they suffered a serious illness and had to manage on a reduced salary or no salary at all?

How would they cope if they were unable to pay for all those things that their current salary supports?

Failing to plan for life’s uncertainties will put a strain on even the calmest of people.

But facing up to financial responsibilities will ease some of that stress and create peace of mind that the family will be looked after should life take an unexpected turn.