Existing clients can use these links to log in to the Infinity dashboard. Not a client? Why not get in touch to find out about our services.
What do you think is your most valuable asset?
Your property? Your car? Your retirement fund?
All those things may be worth a lot of money, but they are still almost certainly worth less than your most valuable asset: you and your ability to earn over the course of your lifetime.
Say you are 40 and earning $100,000 per year, by the time you are 65 that equates to $2.5million of potential income, not even allowing for salary increases or interest on savings made from that money in the interim.
And yet, while you will almost certainly have insurance for your home and your car, have you insured your ability to earn a living and provide for your family now and in the future? It is astounding how many people haven’t.
A UK survey by Moneywise in 2013 revealed that <a href=”http://www.moneywise.co.uk/news/2013-05-09/three-quarters-the-population-do-not-have-life-insurance” target=”_blank”>three quarters of the population did not have any life insurance</a>. In practice that means that 75% of British households are vulnerable to financial hardship should the breadwinner of the family die. Just think for a minute about your own family and how they would be affected. Who would cover the mortgage and ongoing living expenses? With a salary lost, to maintain the same standard of living they would need to dip into your savings (if you have any) and these will quickly be depleted. The pressure on your surviving spouse would be immense and lifestyle changes would become a necessity – perhaps a smaller home, a change in school for your children at a difficult time and cutbacks during what would be a highly stressful time.
And what about if you were to fall ill and be unable to work? Contracting a serious disease such as stroke, heart attack or cancer is actually a much more likely scenario than you dying during the course of your working life. According to <a href=”http://www.theguardian.com/money/2013/dec/07/critical-illness-insurance-bad-reputation” target=”_blank”>The Guardian</a>, experts claim that you are six times more likely to claim under critical illness than life insurance.
We’ve all heard the scary statistics and probably most of us can bring to mind at least one horror story amongst our friends and family of someone in their prime being struck down by one of these horrible diseases. While the fact that survival rates are increasing is to be celebrated, this does mean that increasing numbers of people are left in the unfortunate position of being unable to work while having to cope with the after-effects of a serious illness. Not only does this raises the same questions regarding how to maintain your standard of living with reduced income, but it is possible that there will be additional expenditure to take into account, for example if you need expensive treatment or you need to adapt your home in any way. In spite of this, an extremely small percentage of people have any kind of cover in place to protect themselves and their families against critical illness.
It is easy to protect yourself and your family against both these potential scenarios, and it need not be expensive. Life insurance and critical illness cover are two elements which we at Infinity consider to be crucial to a sound financial plan. Given the huge number of different products on the market, is a good idea to take expert advice. We partner with some of the world’s leading insurance providers giving you a choice of outstanding policies along with discounted premiums. <a href=”mailto:firstname.lastname@example.org” target=”_blank”>Contact us to find out more</a>.
<a href=”http://www.expatinsuranceconsumerguide.com/” target=”_blank”><img src=”http://infinitysolutions.com/wp-content/uploads/Expat-insurance-consumer-guide1.jpg” alt=”Expat Insurance – Get informed before you buy” width=”400″ height=”80″ /></a>
<strong>Would you like to learn more about protection and insurance? </strong>
<strong>Would you like to be better informed before making a buying decision?</strong>
<strong>If so <a href=”http://www.expatinsuranceconsumerguide.com/” target=”_blank”>download the free Expat Insurance Consumer Guide</a> and have all your questions answered.</strong>