Life assurance & critical illness policies - sorting out your financial affairs

Over time you may have accumulated a number of life and critical illness policies. They could have been arranged when your financial circumstances and protection needs were different to today.

Reasons for reviewing your life and critical illness policies could include:-

Change in your financial circumstances, for example a new job, retirement or a new mortgage.
Change in your personal circumstances for example, marriage, starting a family or divorce.
Value for money; are your current contracts providing the cover that you require cost effectively?
Trusts; some policies may be written in trust already. Have your intended beneficiaries changed? Should you consider placing other policies in trust, perhaps to reduce tax or provide security?

A general guide to critical illness insurance entitled ‘Critical Illness Cover – An ABI Guide’ can be found on the Association of British Insurers website – www.abi.org.uk.

For more information and advice please contact Expert Financial Solutions.

Updated: June 2007

Expert Financial Solutions Ltd are independent financial advisers (IFA) / financial planners based in Witney, Oxfordshire. We serve the local community in and around Abingdon, Banbury, Bampton, Bicester, Burford, Chipping Norton, Cheltenham, Cirencester, the Cotswolds, Henley on Thames, Kidlington, Lechlade, Oxford, Wantage, Witney and Woodstock. We specialise in pensions, retirement planning, pension annuities, investments including PEP, ISA, OEIC, unit trusts and investment bonds, and inheritance tax (IHT) mitigation and trust investment. One of our advisers is a Chartered Financial Planner and we are proud of having Oxfordshire's only Resolution qualified and accredited IFA for pensions on divorce.