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Wealth Planning -

Navigating life's milestones: A guide to proactive protection

Life is a journey filled with pivotal moments, from marriage to retirement, each demanding careful financial consideration. Our latest article dives into the importance of proactive protection planning for all life’s milestones.


9th May 2024


Life is a journey filled with pivotal moments and milestones that shape our futures. Whether it is the joy of marriage, the excitement of buying a home, or the arrival of a new member to the family, these events bring about both change and responsibility.

Safeguarding what is precious to us becomes paramount, especially during times of change and transition. And when this happens, it is important to remember that your financial needs also evolve over different life stages and events.

Here are some examples of when you may want to evaluate your protection options.


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Change in relationship status – marriage, civil partnership, divorce

Entering into a lifelong commitment or navigating the complexities of divorce calls for careful financial consideration. Reviewing your insurance coverage to ensure it aligns with your new marital status is crucial. From life insurance to income protection, updating policies can bring peace of mind during times of transition.


House and tree IconBuying a property

The purchase of a property signifies stability and investment in the future. However, it also exposes us to various risks, particularly concerning mortgage obligations. Reviewing and updating your protection coverage can safeguard your home and your family's financial security. Life insurance and critical illness cover can provide a lump sum giving your loved ones a safety to pay off some, or all, of the mortgage in the event of a critical illness or worse. Also consider income protection to cover expenses such as the monthly mortgage bill, in case you are off work with illness or injury for an extended period.


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Welcoming a new family member

The birth or adoption of a child is a momentous occasion, accompanied by a newfound sense of responsibility. Reviewing your life insurance to ensure adequate coverage for your growing family is essential. Additionally, considering critical illness cover can provide financial protection in the event of unforeseen health challenges. Again, consider income protection to support the increase in outgoings (that come with welcoming new family member) should you need to take extended leave for illness or injury.


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Children becoming independent

As children transition into independence, your financial priorities may shift. Updating your key estate planning documents, such as wills and trusts, can ensure your assets are distributed according to your wishes.


Icon of a hear with a heartbeatChanges in your health or lifestyle

Changes in health or lifestyle can impact insurance premiums and your coverage. Quitting smoking, for example, may qualify you for lower rates on life and health insurance policies. Taking proactive steps to maintain a healthy lifestyle not only improves your wellbeing but also reduces insurance costs in the long run.


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Career transitioning

Changes in employment status, whether through career advancement or retirement, necessitate a reassessment of insurance needs. It is important to review whether your work-based coverage is sufficient and fill any protection gaps with a personal plan. Transitioning from employer-provided benefits to personal coverage requires thoughtful planning to ensure you have sufficient protection for yourself and your loved ones.


Icon of a hand holding a bag of moneyFinancial milestones

From paying off a mortgage to receiving an inheritance, significant financial milestones warrant a review of your protection coverage. Adjusting your policies to reflect changes in debt, assets, and liabilities ensures that you have comprehensive protection for your financial legacy.

As your wealth accumulates, estate planning becomes increasingly important. Strategically gifting assets and minimising tax liabilities can help to preserve your wealth for future generations. We recommend regularly reviewing your estate planning strategy to ensure your legacy is protected and passed on according to your wishes.

Navigate life's milestones with confidence

Having the right protection in place can help to safeguard the dreams and aspirations you have for your future and your loved ones. Life's milestones and key moments bring both opportunities and challenges, underscoring the importance of proactive protection. By reassessing your coverage during significant life events, you can protect what's precious to you.


How we can help

Financial certainty at an uncertain time can give you and your family one less thing to worry about. We want you to feel secure with the knowledge that you have the right contingency plans in place.

Our Wealth Planning team will work closely with you to get to know you and your objectives, assess your risks and recommend the right solutions to meet your individual needs. Our wealth planners can draw on solutions from across the market, tailored to your specific needs.

Reach out to your relationship manager to arrange a meeting with one of our wealth planners.

Guide to personal protection

An introduction to the importance of protecting your wealth through various life stages and circumstances.

Find out how you can ensure the financial security for you and your family.

Download the brochure

Protection quiz

Are you prepared for what the future holds?

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?

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

Take the quiz

Becoming a client

We welcome private clients who are looking to open a deposit or investment account with £500,000+ or have a borrowing need of £500,000+. Unfortunately, if you are not depositing, investing, or borrowing £500,000 or more, we are unable to support you at this time.

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

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Further reading



Wealth protection for you and your family

Financial certainty at an uncertain time can give you and your family one less thing to worry about. We want you to feel secure in the knowledge that you have the right contingency plans in place.


How do you achieve financial wellbeing?

Following our exclusive research into the extent of the UK’s financial anxieties, Kevin Barrett, Managing Director, Private and Commercial Banking offers his tips on achieving financial wellbeing.


Protect your wealth from inheritance tax

Record-breaking inheritance tax receipts are rolling into HMRC. But families can reduce the chances of being hit by a hefty inheritance tax bill by taking steps now. In this article, we discuss ways to ensure your beneficiaries will receive a more significant transfer of wealth.


This communication should be considered a marketing communication. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research. It is for information purposes only and does not constitute advice, a solicitation, recommendation or an offer to buy or sell any security or other investment or banking product or service. You should seek professional advice before making any investment decision. The value of investments, and the income from them can fall as well as rise, and may be affected by exchange rate fluctuations. Investors could get back less than they invest. Past performance is not a reliable indicator of future results. The tax treatment of investments depends upon individual circumstances and may be subject to change.

The contents of this communication are based on opinions or conditions as at the date of writing and may change without notice. To the extent permitted by law or regulation, no warranty of accuracy or completeness of this information is given and no liability is accepted for its use or reliance on it.