Phil Anderson Financial Services offer advice on a number of areas of protection planning and insurance including -

• Life Assurance
• Whole of Life Insurance
• Business Protection
• Health Insurance
• Critical Illness Cover
• Serious Illness Cover
• Income Protection Insurance
• Family Income Benefit
• Accident, Sickness & Unemploment Cover
• Private Medical Insurance
• Buildings & Contents Insurance
• Landlords Insurance
• Home Insurance

While most people will insure the breadwinner, they often forget the contribution made by the person who stays at home cooking, cleaning, and taking care of children. They may not contribute financially, but you’d be hard pressed to replace them. In actual fact recent research has calculated the cost of employing someone to carry out all the tasks generally undertaken by the stay-at-home parent could cost £32,812 (Source: Legalandgeneral.com, March 2011). So if you’re thinking of insuring the person who brings home the bacon, make sure you consider the person who cooks it too!

From 21st December 2012 gender neutral pricing will be introduced. Currently premium rates differ between males and females and by product. Typically females pay about 20-25% less for life assurance, about 50-80% more for income protection and about the same or a little less for critical illness. The tax changes on January 1st will generally mean that life and critical illness rates for many companies will increase across the board, and the rate of increase is predicted to be about 10%. Luckily income protection is not affected. Now is a great time to review your protection needs before the changes are introduced later in the year.

Decisions should not be taken based solely on the content of this website and individual advice should be sought first.