In a survey by one of Britain's largest financial institutions it was revealed that the average household in the UK now has just 29 days on average until their savings run out and they could be on the breadline financially, without some other income to rely on. For working age families its just 14 days.
Major events such as loss of a loved one, serious illness, accident and unemployment can all affect the household income and your ability to pay the bills.
Ideally we'd each have an emergency savings pot to see us through - many experts suggest having a rainy day fund of six to nine months' expenditure in an easily accessible savings account. However that's just not practical for many of us. While it may give you breathing space if you fall ill, it won't cover you or your family for long periods off work.
You should also bear in mind that the state benefit safety net increasingly won't pay you enough to mainatin your current lifestyle.
We work with you to establish your protection needs and recommend the most appropriate cover from the vast amount of products avaialble.
As with all insurances - conditions and exclusions will apply.
Summit Financial Solutions
4 Ockendon Road
You can make an appointment for a no-obligation consultation, please call the office:
01708 220 621 or 01708 553 111
Or use our online contact form under the "CONTACT US" tab.
Summit Financial Solutions is a trading name of Summit Financial Solutions (UK) Ltd.
Registered Office: 20 Lingfield Avenue, Upminster, Essex, RM14 2PE. Registered Company Number: 9336934 Registered in England & Wales
Summit Financial Solutions is an Appointed Representative of New Leaf Distribution Ltd, which is authorised and regulated by the Financial Conduct Authority.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Typically we do not charge a fee for arranging a mortgage, however the actual fee will be dependent on your circumstances and will not exceed 1% of the mortgage amount.