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Email: office@bloomfieldfinancial.co.uk

Call: 0191 406 6453

Not all Critical Illness Cover is the same: Angioplasty

Written by John J Bloomfield

Angioplasty Definition

In a recent blog post pointing out the benefits of using an adviser such as myself to arrange your life and critical insurance.

One of the key points I made was that we can get you a great deal on price but I also pointed out that not all policies are the same some are more generous than others on certain conditions than others and an adviser can help you to decide when it is worth paying a little more for a better policy or for one that has a more generous definition on a particular condition that you may have a particular concern about. So I thought I would give a few real world examples and starting at the top of the alphabet we have Angioplasty.

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Life Insurance & Critical Illness - Why you shouldn't buy from a search engine.

Written by John J Bloomfield

Life Insurer LogosCritical Illness insurance is a something that I am particularly passionate about. I have learned firsthand the benefit the cover can bring an it is more than money.

For those of you who don't already know in 2011 my wife was taken ill with what later diagnosed as Multiple Sclerosis, it was just 14 months after our twin boys had been delivered stillborn which had a negative financial effect on us as a couple as my wife had taken a significant period of time off work and I had taken a backward step with my work just looking after my existing clients for a while and not taking on any new business. Just knowing that we had insurance in the background made a big difference to us, in the short term. I was able to attend all her appointments with her and generally be away from work without worry.

Read more: Life Insurance & Critical Illness - Why you shouldn't buy from a search engine.

With-Profits Investments, is it Time to Cash in Or Transfer Out?

Written by John J Bloomfield

 Calculator and Money

So you have a With-Profits based investment and your wondering whether it is worth hanging on to it or if you should cash it in, or in the case of a pension transfer out.

In this article I will discuss the factors you should consider when weighing up your options.

The first thing that you really need to know is what sort of With-Profits fund your money is invested in, two types exist "conventional" sometimes called traditional and "unitised" you should be able to see which type you have from your policy documents.

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Email Security – Take It Seriously

Written by John J Bloomfield

padlocks financial security

In recent years email use has increased massively for many of my clients it has become the main way that they contact me to schedule an appointment. Email is an incredibly convenient tool particularly with the advent of Smartphone's but it is not without risks.

The regulators within financial services have for quite some time now been concerned with 'email interception' I won't bore you with the mechanics but a fair analogy is that of the postcard.

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As Cheap As Chips!

Written by John J Bloomfield
Amble, Northumberland
Amble, Northumberland

At the weekend my wife and I drove up to Amble on the Northumberland coast for an impromptu trip out. While at the seaside we indulged in the customary fish and chips prompted by the sea air and the smell wafting at us from a seaside cafe.

Bizarrely this got me thinking about inflation! Inflation and its effect on the real value of money is something that I talk about with clients all the time, whether it's trying to protect savings languishing in deposit accounts with interest rates below the current rate of inflation or talking about index linking life insurance or pension payments it does come up quite a lot. It's often difficult to really get people thinking about the effect.

Why then did chips make me think about inflation, well I'll tell you a story that will give away my age. When I was at senior school in Gateshead my Mam, used to give me £1 for lunch that would break down as 50p for a chip butty, 25p for a can of pop and usually 25p for a cream cake or ice lolly. That was 18/19 years ago, now ignoring the lack of nutritional value for a moment and thinking about the prices, a bag of chips with a bun was going for £2 in the chip shop, probably a little more than most being on the coast but still a four times increase in less than 20 years. Oh I bought a can of pop too and that was £1.

Read more: As Cheap As Chips!