Over the last year, we have become aware of a small, yet noticeable decline in the number of enquiries, phone calls and cases relating to financial protection. This includes products such as life cover insurance, income protection and critical illness cover. Are we doing enough to make you aware of the risks and benefits relating to protecting your wealth and income?
This article does not constitute advice. Professional advice should be taken prior to acting on any part of it.
Protecting your financial position is what we do
Dental & Medical Financial Services are regulated by the Financial Conduct Authority (FCA).
In addition, we have a compliance company that monitors the work we carry out, to ensure we are maintaining the highest standards when it comes to providing you with professional advice.
Generally, a decline with regards to interest and commitment from clients to protect their financial interests, could mean that we need to raise the awareness.
Particularly when it comes to protection products, it is essential that you are receiving all the right information in order to make educated decisions when it comes to your finances.
Protection products include:
- Income protection insurance – used to protect your income stream in the event you are unable to work
- Critical illness cover – pays a lump sum in the event you are diagnosed with a critical illness and are unable to work
- Life cover – pays a lump sum to a beneficiary in the event of your death, typically used to ensure debt commitments, such as a mortgage are eliminated
Are your vulnerable to financial risk?
Clearly, a general decline in the number of people taking-up a protection policy, could mean more people are left in a vulnerable financial position.
It is the cornerstone of our business to ensure that each and every individual we speak to recognises their own protection needs, including the relevance and importance of each product available.
Our objective is to ensure financial security for you and your family, taking into account all possible eventualities that may occur in the short and long term.
As is the nature of sickness, accident and death, we don’t plan for it, so it becomes essential that we at least build in a contingency should we need it.
Ensure your finances are sufficiently protected
Dental & Medical Financial Services help doctors and dentists to protect their financial position through carefully selected protection products. Call Darren for an initial chat:
Tel: 01403 780 770
Follow us for regular updates:
?