Getting life insurance is a big decision. Firstly, the policy wording needs to cover your needs (you don’t want your family missing out on a payout on a technicality). Secondly, the premiums should reflect the policy value - nobody should […]
Most of the UK population holds mistaken beliefs about insurance. For instance, according to the ABI (Association of British Insurers), 70% of consumers believe gender plays a role in insurance pricing. However, this is not the case. Are you believing […]
According to Macmillan Cancer Support, someone is diagnosed with cancer every 90 seconds in the UK. Around half of us will get cancer at some stage, in some form. Given these numbers, it is understandable that many people wish to know how life insurance and cancer interrelate.
Critical illness cover can be a powerful addition to an individual’s wider plan for financial protection. Increasingly, people are recognising the potential impact that illness and injury can have on someone’s wealth (e.g. average UK household income fell by £100 per week during the COVID-19 pandemic, due in part to lower income). Yet what role should critical illness cover play in your financial plan?
Life insurance can be a crucial “pillar” within a wider strategy for your household’s financial protection. If the worst happens, your loved ones have a means of financial support to help them through their grief. Yet how much life insurance do you need?
As we age, the need for care typically increases. Perhaps you may need professional care within your home. Or, maybe you enter a residential or nursing home. Naturally, care needs to be paid for...
In 2023, financial records (e.g. bank statements) are housed, and accessed, online. The days of paper-based documentation are largely gone. Whilst this offers benefits such as better protection for the environment, it also presents new security challenges...
Imagine a ship which sails to sea. If the captain does not check the anchor, navigation, communication equipment and safety appliances (e.g. life vests), would it not be foolish to leave the port?...
Would you prefer that your family receive a lump sum or a regular income from a life insurance policy? The latter is known as family income benefit (FIB) and it can offer an alternative way to protect your family’s finances in the event of premature death.
With the arrival of the Omicron variant of COVID-19, we are once again reminded that we live in an uncertain time. This raises the question: are your finances prepared for difficult situations and events? Specific questions then follow, which can include:
Nothing could have prepared us for the scale of COVID-19, either in terms of the world economy or the personal impacts felt by all of us. But there is nothing like a pandemic to raise questions over our own mortality […]
The main purpose of critical illness cover (CIC) is to release a much-needed lump sum to you and your family should you be diagnosed with a predefined illness or condition. With COVID-19 currently high on people’s minds, questions around CIC have come into the spotlight again in 2020. Here at Castlegate, our financial advisers in Grantham wanted to offer this short guide on answers to commonly-asked questions surrounding CIC.
Castlegate Financial Management Limited is registered in England No. 2077374. Registered Office: 8 Castlegate, Grantham, Lincolnshire. NG31 6SE. Authorised and Regulated by the Financial Conduct Authority. FCA No. 169777.
