10 Walk Lane
Maypole Financial Services is authorised and regulated by the Financial Services Authority. Reg. No. 457971. At Maypole Financial Services we specialise in helping people make the most of their money. From savings rates and mortgages, to investments and pensions, we provide you with impartial advice to help you make the right decisions.
Nobody knows what life can bring so it's worth taking out financial protection in case things don't quite go to plan. This will ensure that whatever life throws at you, you won't need to worry about your finances. The most common form of protection is life assurance. As the name suggests this provides a pay out if you die while you are covered by the policy. This means it can be useful to clear any debts such as your mortgage as well as providing cash for your family if you're no longer around.Next on the protection shopping list is critical illness insurance. This is often available as an option with life assurance, or as a standalone product. Rather than paying out when you die, it pays out when you are diagnosed with a serious illness such as cancer or multiple sclerosis or you suffer something life threatening like a heart attack or stroke.Income protection is another option. This replaces your income if you're unable to work as a result of long term sickness or injury. If this happens, an income, which can be a maximum of around two thirds of your gross salary, will be paid until you return work or you reach retirement age.Shorter term variations on income protection are available in the form of accident, sickness & unemployment cover (ASU) and mortgage payment protection insurance (MPPI). These also cover periods of involuntary unemployment but payments only last one or two years.What type of protection you need will depend on your circumstances or requirements. For example, if you don't have any financial dependants you might prefer to take out critical illness insurance or income protection in case you are seriously ill or unable to work due to illness. But, if you have children you'd want to be sure their financial needs were taken care of until they were old enough to support themselves so life assurance should be one of your protection priorities. The first time people tend to think about protection is when they buy a house and take out a mortgage.But whatever the trigger to take out a protection product, seeking independent financial advice is vital. Maypole Financial Services can assess your exact requirements and scour the whole market to find the product most suitable for you. Telephone Mike or Steve on 01384 352345 for a confidential discussion. Maypole Financial Services cannot accept responsibility for any decisions or actions taken as a result of this article. This is general advice and not specific, as full details have not been provided. The value of investments can go down as well as up and past performance should not be regarded as a guide to the future. Maypole Financial Services are authorised and regulated by the Financial Services Authority (FSA). The FSA does not regulate will writing and some forms of tax planning.
Investments & Savings Pension and Retirement Planning Life Insurance Mortgages Equity Release Critical Illness & PHI Authorised to offer a selection of our services to clients living in or thinking of moving to Spain.
Maypole Financial Services is authorised and regulated by The Financial Services Authority. FSA number 457971.
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