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Quiz –

Are you prepared for what the future holds?

Take our five-question quiz to find out if you are financially ready for whatever the future brings.

Published

9th May 2024

Category

Life is full of unpredictable twists and turns. While it is natural to hope for the best, it can make sense to plan for the worst. But what is your approach? Do you have the right wealth protection in place to help you safeguard your dreams and aspirations for the future? What would you want the situation to look like for you and your family in the event of a serious illness or worse? 

Find out in our short quiz.

What’s your approach to wealth planning?

1. How would you describe your approach to financial planning?
2. How would you describe your current emergency savings?
3. How would you and your family manage financially if you were sick or injured and could not work?
4. If the worst should happen, how would your loved ones manage financially?
5. Do you have a will in place?

Based on your responses, you are...

Mostly As

The Planner

You are proactive and organised, taking deliberate steps to anticipate and mitigate potential risks. You prioritise having appropriate insurance coverage and emergency funds. You have sought financial advice to ensure that you and your family are protected for the future against life’s uncertainties. It is important to regularly assess your protection plan to ensure it evolves with your changing needs, so consider a review call with your financial planner if some time has passed since you last reviewed your plans.

Based on your responses, you are...

Mostly Bs

The Procrastinator

You are well intentioned and understand the importance of being protected against whatever the future may bring. But you have a tendency to delay or react only when unexpected events occur. Whether due to avoidance, feeling overwhelmed, or a belief that crises will not happen, it is likely that you may lack key cover that would safeguard your and your family's future. Consider setting up a meeting with your financial planner to review your current coverage.

Based on your responses, you are...

Mostly Cs

The Carefree Optimist

You value simplicity and living in the moment more than detailed planning. Your optimistic approach means that you may underestimate the potential risks, and instead hope for the best. You may have minimal cover in place, and you adopt a relaxed attitude towards financial planning, leaving gaps in your preparedness. Consider setting up a meeting with your financial planner to review your current coverage.

Based on your responses, you are...

The Pragmatist

While you understand the importance of being prepared, you also value enjoying the present moment. You take some steps to anticipate and mitigate potential risks, however, you also trust in your ability to handle unexpected challenges as they arise, rather than becoming overwhelmed by excessive planning. You may lack cover in key areas which would safeguard yours and your family's future. Consider setting up a meeting with your financial planner to review your current coverage.

Feel secure and confident that that you have the right contingency plans in place to give you peace of mind – for whatever the future may hold.

Our wealth planning experts can support you by identifying any potential risks, shortfalls or vulnerabilities, and the implications. We draw on solutions from across the market, tailored to your specific needs.

To learn more about how we can assist you with your protection needs or broader wealth planning, speak to your Arbuthnot Latham relationship manager, or enquire about becoming a client using the form below.

Find out more    Protection Guide    Become a client

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Becoming a client

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To enquire about becoming a client please complete our enquiry form or call us directly on the number below.

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