Milestone Advisory Protection Client
James* and Karen* met with Milestone Advisory as they had seen an ad for Protection Benefits, but did not know what they needed. At their initial meeting with Milestone Advisory, we clarified that they only had mortgage protection in place. James & Karen are both members of their company pension schemes. They were due their second child in a few months and were concerned about the future.
Milestone Advisory carried out an analysis of the income and expenditure of James and Karen and identified the risks to their financial future of their children’s future and one or both became ill or even died. We quantified the levels of replacement income and/or lump sums required in various scenarios. We were then able to quantify what they could afford from their income to put cover in place.
Having taken into account all of the relevant data, Milestone Advisory were able to recommend the top level of cover that the family needed. This included Income Protection for each, a Dual Life Convertible Term life cover and some Specified Illness Cover. The cost of all of this cover was more than they were currently willing to spend, and so they did not opt for the Specified Illness Cover. As Milestone Advisory has agency across the Life Assurance market, we were able to ensure that James and Karen got the best value for their money and the providers with the most suitable terms. James and Karen will meet with Milestone Advisory on an ongoing basis –to ensure their levels of protection continue to make sense in relation to any changes in their family circumstances.
*Clients names changed for confidentiality