Protection

Personal

WHAT IS IT?

Protection is the broad term for financial arrangements designed to help reduce the financial impact of specified risks.

IN PLAIN ENGLISH

It is about asking what could happen and whether you could cope financially.

SIMPLE EXAMPLE

Life cover can help provide money following death, while income protection can provide an income if specified circumstances prevent you from working. Different policies cover different risks.

WHY DOES IT MATTER

Protection starts with understanding the financial impact of a risk rather than simply buying a product.

THE ROCKET TEST

Protection is about reducing the financial impact of specified risks.