Gary and Kay Chapman
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Examples

Why not review your existing life insurance?

It's still a competitive marketplace.

Michael is 35 next birthday. He currently has £300,000 of life insurance, to cover his mortgage adn his family over the next 35 years, and he is paying £26.30 per month.

His IFA checked his policy and premium against the marketplace and found he could offer Michael a choice:

He could provide him with a new policy, covering him for £419,732 for the same monthly premium, so Michael could greatly increase his life insurance for his family without having to increase his costs each month.

The alternative was for Michael to pay a premium of £19.60 per month and hence save £6.70 each month for the same amount of cover.

In the end Michael selected the higher sum assured as inflation had reduced the value of the life insurance cover since he originally started the policy in 2005.

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Pension funds – when did you last review them?

Why not consolidate them together?

Robert is 45 and has worked for many different employers with various group pension schemes over his working life. He is now self-employed.

His family is tired of receiving a mountain of pension statements for all of his separate pension plans so he asked an IFA for help on how to manage these plans better for him.

With so many statements, he finds it hard to get a picture of what his future retirement income will be and, more importantly, where his money is invested.

Robert's IFA was able to review each of his separate pension schemes and recommended that he consolidated the funds together into one easy to manage stakeholder pension scheme. By combining his funds together, Robert was also able to make real savings on the annual management fees with a large fund rebate.
His IFA was able to assess Robert's tolerance to investment risk and make some strategic fund changes.

Robert now feels so much better knowing that he had taken the time to review his plans and get them in order. He now feels confident about retiring in 20 years' time.

"Had we not been advised to change our policy, we would have been over £4000 out of pocket by the end of the term."
Gary and Kay Chapman

Client First (FS) LLP
52-54 Devonport Road
Stoke
Plymouth
PL3 4DF


info@client-first.co.uk