Marriage and Dependants
Will. Life Assurance. Sickness and permanent health insurance. Retirement planning.
At this point responsibility increases as other people become dependent on you and your income. A lifestyle is formed and expectations are raised.
New expenditure items appear like a phoenix. They can include dramatic costs such as foreign holidays, school and child minding fees and home extensions, renovations or up sizing.
Although tempting, there is no alternative but to protect loved ones. As such, a complete review of protection and investment plans and objectives are mandatory.
Completion of a first Will and Testament is now also essential.