Timeline of Needs
Where do we begin?
For most people, the first time you comtemplate Protection, Savings or Financial planning of any kind, is when it’s forced upon us through need.
When you’re young it could be saving for something, like a car or a wedding.
Maybe prudent advice from a parent has initiated thoughts of a pension.
Or you’ve started working for a living and the taxman has turned his attention on you for the first time.
Maybe you’re concerned how an illness could interrupt your earnings flow.
You’re getting married, considering children and suddenly your resposibilities now include other people.
Wherever you start, there will be a need to consider Financial Planning. Let’s consider the following scenario:
Someone starting work, getting married and starting a family.
They buy a house, and start providing for their childrens education.
Finally, they contemplate reaching retirement. After years of hard work, before you know it, they are already there.
For most people this sequence of events will be familiar.
Savings plans are most commonly found at the early stages offering in one simple contract, Life Assurance, increased saving capacity and tax relief. ( Jersey only.)
Life Assurance provides not just protection but peace of mind. At present it’s extremely cheap.