About Protection in retirement

Retirement planning isn’t always just about you. If you have a spouse, partner, children or other dependants, they could all be relying on your retirement plans. If something goes wrong with your plans, what happens to them?

What happens if:

• You have an accident or illness and can’t work? Maybe your income is reduced for a long period or stops completely. If you’re unable to carry on making pension contributions, this could have a serious impact on the size of your pension fund.
  
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• You die prematurely? If your spouse or partner doesn’t have their own pension plan, how will they cope financially, now and in retirement? With a lump sum to invest their future could be more secure.
  
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• You become seriously ill? Never being able to work again can mean major lifestyle changes. It could also put a halt to your retirement plans. Having a lump sum to invest could help make all the difference
  
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It's easy to believe that once you've retired you don't need protection, but that's not always the case.

You may no longer be supporting your family financially, but you wouldn't want to become a financial burden either. And you'll probably want to make sure they benefit from the wealth that you've built up over your lifetime.

Just because you’ve retired doesn’t mean you don’t need protection.

Life insurance cover can help you in a number of ways:

Gives your family the funds they need to cover your funeral costs and any outstanding bills

If there’s likely to be an inheritance tax liability, life cover can help to provide the funds to meet the tax bill and leave your wealth intact.

• More on life insurance

Worried about Inheritance Tax?

Our inheritance planning service covers all aspects of managing your assets in the most tax efficient way.

• More on inheritance planning