Preparing “Plan B”: How our new protection specialist can help you build financial resilience

Like many people, to protect yourself and your loved ones, you no doubt want to build long-term financial resilience.

But navigating all the options for financial protection can be complex, and choosing unsuitable protections could expose you and your family to unnecessary financial risks.

Likewise, if you’re a business owner, you want to shield the business you’ve worked so hard to build, and the people who depend on it, against the unexpected.

So, to help our clients create a “Plan B” that’s backed by protection, we’re delighted to announce that PenLife has appointed a new Protection and Insurance Specialist, Niall McSharry. Bringing years of protection experience, Niall is now supporting clients to strengthen their financial plans with suitable cover.

Read on to learn about the importance of including protection in your financial plan.

Resilience means being prepared to weather any storm

None of us knows what the future might hold.

Whether it’s illness, injury, or even an unexpected family death, having the right protections in place can be the difference between financial stability and uncertainty for you and your loved ones, or your business.

There isn’t a one-size-fits-all approach to protection. To find suitable cover, you need to understand your current circumstances, the risks you’re exposed to, and which solutions could be effective in mitigating them.

Choosing appropriate protections for your needs and financial circumstances is crucial. Otherwise, should the unexpected happen, you might find your safety net isn’t as effective as you’d hoped.

Get support from our dedicated protection expert, Niall

Taking the time to understand your finances, goals, and concerns, Niall can support you to select sustainable, practical protection that aligns with your long-term objectives.

For individuals and families, this can provide peace of mind that your financial future is shielded against life’s twists and turns including protection cover such as:

• Life insurance
• Critical illness cover
• Income protection

Likewise, business owners can gain reassurance from knowing they have suitable business protection in place, such as:

• Key person cover
• Shareholder or partnership protection
• Relevant life insurance

So, if something unexpected happens to you or a key person, the business can continue to operate, meet its commitments, and remain in the right hands.

Niall works alongside our Financial Planners to help ensure protection is built into the foundations of your financial plan. Whether you face illness, injury, or worse, you can rest assured that your finances are taken care of, allowing you to focus your energy on your health and the wellbeing of your family and/or your business.

Niall brings a wealth of protection experience and expertise

Niall’s background is varied, standing him in good stead to support our clients with expertise, understanding, and care as they prepare to face life’s unexpected twists and turns.

Having started his career as a Claims Handler, Niall understands the importance of having the right protection in place. He’s seen first-hand the value insurance can deliver – and the consequences of not having the cover you need.

Niall’s next role as a Mortgage and Protection Adviser involved supporting clients to identify mortgages and relevant protections to fit their circumstances. In this role, Niall completed his Certificate in Mortgage Advice (Cert CII), carried out client risk profiling, and offered holistic financial advice that went beyond mortgages alone.

Most recently, Niall honed his skills in specialist protection planning as part of a financial services firm. Dealing with complex client scenarios, he advised on personal and business protection for higher-risk cases and worked closely with insurers.

Armed with this experience, Niall is ready to support you in strengthening your financial plan or your business by identifying appropriate protections for your needs.

To speak to our team about how guidance from our Protection and Insurance Specialist could benefit you, email us at enquiries@pen-life.co.uk, or call 01904 661140.

Please note

This article is for general information only and does not constitute advice. The information is aimed at individuals only.

All information is correct at the time of writing and is subject to change in the future.

Note that life insurance and financial protection plans typically have no cash in value at any time and cover will cease at the end of the term. If premiums stop, then cover will lapse.

Cover is subject to terms and conditions and may have exclusions. Definitions of illnesses vary from product provider and will be explained within the policy documentation.