The idea of ‘protection gap’ is defined by professionals as ‘the shortfall in the level of cover necessary to maintain the current living standards of dependents’. Having a bespoke protection plan in place which is appropriate to your circumstances, could be the most important arrangement you make.
It’s all too easy to take our health for granted, with a vague feeling that the NHS will take care of us if we fall ill. But with an ageing population, amongst other factors, Private Medical Insurance, and the benefits this brings, could be something to think about?
Have you ever considered the outcomes if critical illness struck and left you unable to provide financially for your family and for yourself? We take a closer look at the importance of Critical Illness plans and how this can be included as part of a complete financial protection plan.
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