Lima Money

When is the right time to take personal insurance?

The right time is yesterday, and if you haven’t got a protection policy the second best time is today.

We work hard for our lifestyles, to provide for our children, and to maintain our ability to pay our mortgages and rent, but how would you do that if you befell the misfortune of ill health and were unable to work? How would your family cope financially if either you or your spouse died?
If you’ve saved for a deposit in a house it is vital to protect that, with multiple thousands of pounds in the bank that you have worked hard and sacrificed to save, should you become too sick to work, means testing on benefits is likely to mean you would use all the capital saved to supplement your income.

As much as life, critical illness and income protection can be surprisingly reasonably priced, can you afford to not have them?

What are the chances of you needing a policy?

Latest research from Cancer research says that 43% of women and 45% of men will contract cancer in their lifetimes. Almost 1/2. That doesn’t account for other illnesses such as heart disease, stroke, and other critical chronic illnesses

The average life of an income protection claim is 6 years and 9 months according to research done by Liverpool Victoria.

Questions to ask yourself:

1) how long does my sick pay last?
2) how will I pay my bills after my sick pay has ended?
3) how will my family afford to live if I lose my income?
4) how would my family survive if I or my spouse were to die or become seriously ill?

All our protection reviews are free of charge, compassionately conducted, with advice tailored to your circumstances and budget.

We also use cutting edge comparison technology which ensures that we can compare your policy with current offerings, to confirm that you have the best cover possible for you

Lima Money as The Sopranos!

Welcome our two latest inductees Mari and Justine! Mari and Justine have joined Lima Money and trained as protection advisors.

They are both Sopranos (no…not waste disposal, actual opera singers), with their profession offering lots of time between shows, they wanted to diversify and make good use of their non singing durations.

Both have proven to be diligent and committed members of the team and have shown a professionalism and commitment to outstanding client outcomes throughout their training.

If you need guidance, or even a free review of your existing policies then Justine and Mari will be able to talk through your options on the following core considerations:

• income protection
• life cover
• critical illness cover
• family income benefit

Get in touch today to secure your free consultation