Recent research undertaken by Brokers Ireland highlights a stark difference between those who avail of financial advice, and those who don’t. A staggering 52% of advised respondents owned life assurance policies, compared to just 23% among non-advised individuals. According to Milestone Advisory’s Darragh Hogan, this stark contrast underpins the instrumental role financial advisors play in guiding their clients towards suitable protection policies.
There can also be a substantial monetary advantage to seeking financial advice. As per the research findings, individuals who sought advice were found to have protection policies valued a remarkable 47% higher than the policies held by those who did not seek advice.
So, why is seeking financial advice crucial for protection policies?
Bespoke Solutions: Each individual’s financial situation is unique. A qualified financial advisor can analyse your specific circumstances, financial goals, and responsibilities to recommend a personalised protection plan that fits you.
Navigating Complexities: The world of insurance can be intricate and overwhelming. An experienced advisor can simplify jargon, explain various policy options, and guide you in making informed decisions.
Maximizing Coverage: Financial advisors can assess your existing coverage, identify gaps, and suggest enhancements to ensure comprehensive protection for you and your family.
Peace of Mind: Life is full of uncertainties, but a well-structured protection policy offers reassurance that your loved ones will be taken care of, no matter what the future holds.
Cost-Effectiveness: While some might assume professional advice incurs additional expenses, the reality is that advisors can assist in optimising your investment, leading to potential cost savings in the long run.
In conclusion, seeking financial advice can be the key to unlocking the full potential of your protection policies. So why leave your financial security to chance? Consult a trusted financial advisor in Milestone Advisory (firstname.lastname@example.org) today and take the first step towards securing a brighter, worry-free future. For the latest updates, subscribe to our newsletter here.