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Protecting Your Family

Safeguard your family’s financial position against the unexpected and protect the lifestyle you enjoy.

Protecting Your Family

There is nothing in the world more precious than your family. It’s the reason most of us go to work in the morning. We know we can’t be without them, but what would happen to them without you? What would happen if you lost your job or suffered a serious injury or illness?

Just 35% of people have Life Insurance cover, despite six in 10 households agreeing it would benefit their family*. It’s important to think about the financial impact on your family in the event of your death. Ask yourself whether your family would be able to manage financially if you were to die. But it’s not just the risk of death. What if you were unwell and no longer able to work? What if you lost your job and had no income for a period of time? All of these dangers can be handled with proper planning. We know this is a complex and sensitive area but we are here to help.

We start by looking at your financial position and really understanding what you want to achieve. We model different scenarios to help illustrate the financial impact on your family to understand how you need to be protected.

We can also review your existing insurance and protection policies to see if they are fit for purpose and cost-effective and take all necessary steps to ensure you are completely protected should the worst happen. We don’t stop there though. We know that your needs may change as you journey through life so we review your arrangements on an ongoing basis to make sure they continue to meet your needs. This means you can rest assured that you are protected whatever life brings.
 
 

*Source: Direct Line Life Insurance 2022.

Some of the Questions We Can Help Address

We can help answer any questions you may have in relation to protecting your family. Questions such as:

Where is my biggest protection need?

Am I paying too much for my current protection and insurance policies?

How do I protect my family if I were to die unexpectedly?

Do I have the right amount of insurance for my current needs?

Do I have a sufficient emergency fund and a suitable action plan in place should the worst happen?

Do I have adequate life insurance in place?

Should I protect my income or mortgage payments if I were to lose my job?

Do I need a will or should I update my existing will?

How do I protect my family's lifestyle if I develop a long-term medical condition and am unable to work?

Is my estate protected from unnecessary inheritance tax?

Life goal #1: Travel the world

Enjoy your money. Enjoy your life. Live it.

What are your life goals?

Did you know… you have about a 50/50 chance of developing cancer at some point in your life

A new report has revealed that 47% of people are likely to be diagnosed with cancer at some point in their life. Cancer, along with other serious conditions such as strokes, heart attacks and Alzheimer’s can turn a life upside down and leave families devastated. It’s concerning that nearly two-thirds of the UK population have no form of financial protection in place if they die or become critically ill, despite advances in medicine and technology that mean more people are living longer and surviving illnesses that used to be fatal. 
 

Source: Macmillan Cancer Support 2013.

The Different Types of Insurance Products

Insuring yourself and your family will ensure your lifestyle is not at risk and you can rest assured that you are covered should the worst happen. We use a range of insurance product to help our clients achieve total financial security. These include:

Life Insurance

Life insurance is a way to protect your family’s lifestyle and give them a secure future if you are no longer around. You can choose the level of cover required. If you die, your insurance policy will pay out a lump sum or regular income for the amount you insure yourself for.

Critical Illness Insurance

Critical illness cover is designed to help you cope with the kind of illnesses that can change the way you live the rest of your life. Typically, it pays out a lump sum if you are diagnosed with a specified illness allowing you to put provision in place to live more comfortably and ensure your family’s lifestyle is not adversely affected.

Income Protection

Income protection is designed to provide you with a tax free income if you are unable to work due to an accident or illness. This insurance allows you to concentrate on getting better rather than worrying about how you are going to pay your bills and ensures your standard of living is not significantly reduced.

Mortgage Payment Protection

Mortgage payment protection, is designed to provide you with an income to pay your mortgage and other outgoings if you are unable to work due to an accident, sickness or involuntary unemployment.  This type of insurance usually pays out for a maximum of 12 months, so is a short-term solution.

 “ The rich man plans for tomorrow, the poor man for today. ”

Chinese proverb

Be prepared whatever life brings

When the financial waters get choppy, make sure you have what you need to survive. Planning ahead to avoid financial disaster will mean you can relax and enjoy your life knowing that you can withstand any situation you encounter.

 

“The service provided by NorthStar was excellent. I received regular progress updates and was pleased with the outcome, which has seen my pension moved online with lower annual fees and a projected higher return. I would definitely recommend NorthStar and James Thompson for any financial advice you might need.”

Camilla H. (Braishfield) | NorthStar Client

 

The Key Benefits

Our protection services will help you protect your family should you lose your income, become seriously ill or die.  Here are just a few of the main benefits you will enjoy:

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Peace of mind should the worst happen

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Reduce existing protection costs

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Ongoing advice for changing needs

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Ensure your protection planning is tax-efficient

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Expert advice tailored to your specific objectives

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Understand the financial risks your family are exposed to

Learn More About Protecting Your Family

Find out our protection services fees.

If you have further questions about our protection services, please see our FAQ.

Ready to go? Get started today.

Awards, Accreditations & Trade Associations

NorthStar is proud to be a member of the leading financial planning trade associations. Through a continued commitment to adhere to the highest professional standards and deliver exceptional service, NorthStar has received a number of awards and professional accreditations.

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Chartered W
FSB w
VouchedFor W
Google Review w
Top Rated W
Trustpilot w
Unbiased W
CISI w
Ecologi w new