Answers before decisions
Educational guides and answers about protection, retirement, wealth and business planning.
Last updated
Life insurance
What does a life insurance advisor do?
We assess your needs, explain your options in plain language, compare products and help you keep cover in step with your life.
How does it fit into financial planning?
It protects the plan. Savings and investments aim to build wealth; life insurance helps ensure the plan survives a loss of income.
How much do I need?
It depends on income, debts, dependants and existing cover. See our estimator on the Tools page.
Term or permanent?
Term suits temporary needs; permanent suits lasting needs. Many people use both.
Can I change cover later?
Often yes, through renewal, conversion or additional policies, depending on the terms.
Retirement
What should I consider when planning retirement?
Spending, income sources, tax, health costs, inflation and how long the money must last.
When should I start?
The earlier the better, but a review at any age helps.
How do pensions and state benefits fit in?
They form the base of income. The timing of claims can change your lifetime total, so compare options.
What is the difference between types of retirement accounts?
Some are taxed when you withdraw, others when you contribute. We explain how the ones available to you work.
How should I think about healthcare costs?
Estimate them, keep a reserve and consider insurance for the larger risks.
Wealth
What is the difference between saving and investing?
Saving prioritises safety and access; investing aims for growth and carries risk.
How do I choose between account types?
By goal, time horizon and tax position. We help you rank them.
Why diversify?
To reduce the impact of any single investment performing badly.
How do I know my risk tolerance?
Through a discussion of how you would react to losses and your time horizon.
Business
What financial strategies suit business owners?
Owner protection, partner agreements, tax-aware pay, savings outside the company and an exit plan.
How can self-employed people protect their income?
With personal cover for illness and disability and a cash reserve.
What is a buy-sell agreement?
A document setting out how an owner’s share is bought if they leave, become ill or die.
How should owners save for retirement?
Regularly and outside the business, rather than relying on a future sale alone.
Legacy
How is estate planning different from a will?
A will is one document. Estate planning also covers beneficiaries, powers of attorney, structures, tax and liquidity.
How can life insurance help an estate?
It can provide cash to pay costs and taxes or to equalise inheritances.
Why do beneficiary designations matter?
Some assets pass directly to the named person, regardless of what the will says.
How do I pass on a family business?
By planning early, agreeing valuation and roles and preparing the next generation.
Financial planning
What is the role of a financial adviser?
To help you set goals, build a plan, choose suitable products and review the plan over time.
How is a plan different from a budget?
A budget tracks spending; a plan links goals, savings, protection, tax and time.
How often should I review?
At least once a year and after major life events.
What role does insurance play?
It protects against events that could derail a plan.
Important to know
The information on this page is general and educational. It is not financial, insurance, investment, tax or legal advice, and it does not take your personal circumstances into account. Product availability and eligibility depend on licensing, location and provider rules. Speak with a qualified professional before you act.
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