PFA3.mp3

You’ve heard me talk several times on this show about having a strong foundation for your financial plans. In practice, this means having some insurance in place so that if the very worst happens, your plans need not be washed away. In today’s show, I’m going to look at the different kinds of insurance, how much you need and what you should look out for in the plans you already have.

 

Podcast: Subscribe in iTunes | Play in new window | Download

Sponsor Message

This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk

Audit Your Insurance

So let’s talk about a foundation. When building anything, the foundation absolutely has to be right. If you build a house without an adequate foundation, at best you’re going to get some unsightly cracks, and at worst the place will fall down.

Life throws things at us which we don’t expect. Some of those things are worse than others. Some have a greater financial impact than others. But a prudent person takes some steps to ensure that if some or all of these things happen, then the longer-term financial security of you and your family need not be compromised.

Resources

Here's the cheatsheet I've put together to summarise the things I talk about in this session: Podcast: Session 7, Protecting Your Future Podcast: Session 22, All About Trusts

  Share the love

If this show is of any use to you, it would help me massively if you would take the time to leave me a review on iTunes. This has a huge impact on keeping me near the top of the rankings, which in turns helps more people to find the show and to subscribe. Just click the button below: