Unfortunately, life has a habit of throwing curve balls; some can be easily dealt with, but others are far more serious; sudden death, serious illness, or a longer-term incapacity. Any successful financial plan has to factor in these health and mortality risks. Whatever your talent and aspirations, the risk of not being able to achieve your goals and true potential should be at the forefront of any long-term plan.

The impact of serious ill health/long term incapacity…

Serious ill health can have a major impact on family and the future financial well-being of all of us and our loved ones. It can also have a serious impact on a business’s ability to survive. It can rob us of our aspirations and leave us financially vulnerable at a time when we need to be financially strong.

There are many people who want to ignore the idea of death. It can be tough to talk about this sad, but inevitable life event. It is the people who are left behind who will have to pick up the pieces; what will happen to your family when you are no longer there, and how will your business cope without you, or perhaps another key person within that business?

There are many ways to protect your family and your business which can offer you peace of mind that you have put in place suitable financial safeguards. Remember that it is you, your health, your ability, and your regular income which allows you to lead the life that you want, and this underpins all of your financial goals.

If you have aspirations for your future life—it is important to consider the risks which could throw you off course, and how you can best protect against the unpredictable.