What To Have And When

what to have and when

Every type of protection product may become a priority need at some point in our lives. However, the need to protect our lifestyles and those of our families tend to be a long term, even a permanent need.

Death, sickness or injury can strike anyone at any time. It has been said that protection should underpin every aspect of financial planning.

The range of protection plans available is very wide. All protection plans have one thing in common however, and that is to produce a sum of money at exactly the time someone needs it most.

A person’s protection needs are influenced by four key factors:

  • Age
  • Dependants
  • Income
  • Financial liabilities

These factors should be considered in conjunction with each other and not on an individual basis.