Insurance is an important aspect of your overall protection provision but many people are unclear about how much they require and what is already available to them. Consequently, many people over-insure themselves without even realising. Equally, many are under-insured.

In calculating the level of protection required, the first point to consider is what liabilities there are and whether your family would be able to continue meeting these liabilities should death or illness occur. Typically, outstanding mortgages, loans and debts are the major liabilities and beyond this, there will usually be a desire to ensure adequate provision for the family, particularly if there are financially dependent children or a non-working spouse for example.

Next, you should consider what existing insurance that you have in place and whether this would be adequate in your circumstances. Also, investments and pensions may effectively be looked upon as “self-insurance”. These enable you to accumulate capital sums for later in life but in the event of premature death or ill-health meantime, benefits could be made available.

We shall be happy to assess your circumstances and requirements before reviewing the whole of the market on your behalf to identify the most appropriate and cost-effective option.

 

 
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Risk Warning - Stockmarket investments can offer income through the payment of dividends and interest and good opportunities for capital appreciation over the longer term. By this, generally we mean periods in excess of five years, preferably much longer. However, we can never promise you particular returns, especially in the short-term. At any point in time but especially in the short term, your capital could be worth less than the original amount invested as some of the selected holdings may fall in value, regardless of expectations at the time of acquisition. We may also invest in funds that hold overseas securities. The value of these investments may increase or decrease as a result of changes in currency exchange rates. Returns achieved in the past cannot be relied upon to be repeated.Your home may be at risk if you fail to maintain your mortgage interest and capital repayments or those of any loans secured upon it.

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Philip J Milton & Company Plc is authorised and regulated by the Financial Services Authority.
Philip J Milton & Company Plc is entered on the FSA register (http://www.fsa.gov.uk/register) under reference: 181768.
Registered Office: Sterling House, 17 Joy Street, Barnstaple, Devon EX31 1HE
Incorporated in England number 3233275.
A list of the Directors is available from the registered office
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