There seems to be much interest in 'Pensioner Bonds' as announced in George Osborne's Budget speech in March 2014 – since then the some detail has been released but we still don't have the full picture. So this is what we know so far.
Along with the devastating emotional effect that diagnosos of a critical illness or premature death can cause there is also often a devastating financial effect.
The responsible thing to do for all adults who have people that depend on us is of course to arrange appropriate insurance so that if the unthinkable becomes reality, money is one less thing to worry about.
My name is John and I have been a financial adviser most of my adult life, having experienced first hand the devastation of a loved one being diagnosed with a critical illness back in 2012 when my wife was diagnosed with multiple sclerosis I truly understand the benefit of being properly insured.
I don't believe that anyone should have to go on to a comparison website and guess at how much cover they and attempt to get a quote. Insurance is supposed to provide peace of mind you need to know that you have the right type, at the right price, that it has been set up correctly ao that ultimately if you need to claim you have no problems.
I am a fully qualified financial adviser, I am not in a call center sat at a computer waiting to 'quote you' so you will not get an instant quote from me.
But if you would like personalised help and advice get the right cover at the best possible price then please fill out the form below, and I will contact you as soon as possible.
John J Bloomfield BA (Hons), CeMAP, CeFA, CeLTM, DipPFS
P.S. If you already have cover I will be happy to review this to see if it is the right cover at the right price for you.
Apparently 32 million people play the lottery in the UK each week and on average they buy three tickets each.1 That's an amazing statistic when you consider the astronomical odds of winning the Jackpot, the odds of winning the main lotto draw are almost 14 million to 1! It's even 57 to 1 to win £25!2 For most people it's just money down the drain.
Is Life and Critical Illness Insurance Money Down The Drain?
Over the years I have been fortunate to work with a lot of computer programmers, I say fortunate because for the most part we tend to be on the same wavelength (I write, html, css and php as a hobby sad I know) which makes work more pleasurable and secondly they generally always get the math behind what we are discussing first time.
Computer programmers are generally pretty well paid especially once they have established and proved their skill set (it's definitely an industry where what you can do is more important than the qualifications you hold) yet it has been my observation (no stats just an observation) that based on age and salary they are often behind where they should be in terms of pension planning.
There is no science behind this article at all it really is just sweeping observations from my experience of working with programmers on their retirement and other financial planning needs. So here are the 5 reasons that I think they fall behind where they would like to be in the retirement planning stakes.