Winston Churchill is a towering figure in British political history but was also an orator and writer. What I want to focus on is a quote that is relevant to most of our lives, even now, over 100 years after he said them:
“If I had my way, I would write the word ‘insure’ upon the door of every cottage and upon the blotting book of every public man, because I am convinced, for sacrifices so small, families and estates can be protected against catastrophes which would otherwise smash them up forever.
It is the duty to arrest the ghastly waste, not merely of human happiness, but national health and strength, which follows when, through the death of the breadwinner, the frail boat in which the family are embarked, founders and the women and children and the estates are left to struggle in the dark waters of a friendless world.”
Churchill said this in 1909 but these words are as true today as they ever were.
Insurance, of all kinds, is about peace of mind, about protecting your family, about protecting assets, about knowing that your loved ones, or you, will manage financially should life take a wrong turn.
I have been in this business for over 25 years and in this time, I have dealt with many claims for my clients. Some for critical illness plans, where an amount is paid to replace lost income, to cover medical treatment, or just to take away any monetary concerns.
More claims over the years have been for life policies. A cash pay out will never replace a partner or parent, but to does take away the financial worries. Having a decent amount of cover in place for your dependents is the kind and caring thing to do.
In every single case, clients have been relieved that plans were in place and were happy to receive the money paid out. Money is not everything but without it, life is so much harder.
Putting in place protection plans for yourself or your family doesn’t need to be expensive and there are various options to suit your circumstances and budget.
I have written about this topic many times so see these articles for more.
Can you afford to survive a critical illness?
Is your family financially protected if you die? Six common errors.
Get in touch to arrange a chat about what is best for you, your pocket and your family. Working to protect families is the most important issue that I deal with. It matters.
If you need wills, and you do if you have dependents, see here for info:
Where there’s a will, there’s a way to protect your family
Life as as expat in the UAE is different to in your home country so it is important to know all the facts.
How to plan for the worst when living in the UAE
To arrange a discussion on any aspect of your personal financial planning, please email me at firstname.lastname@example.org
I write articles such as this one as part of the holistic personal financial planning service that I provide to expats, and the general consumer, financial and legal information that I provide in The National newspaper, and on the Facebook group British Expats Dubai.
Please take a look at the other useful articles on this website.
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