Protection is one of the most important parts of financial planning as it can underpin a large number of needs. Ask yourself this, what is your worth? What are you really worth? It is very easy to underestimate your own true value in money terms. We all pay towards insuring our pets, cars, home and valuables but we often forget to insure the income that provide all this. We forget to protect our family. Protection planning can involve:

Life Protection

Taking out life protection can put financial provisions in place for your family.

Critical Illness Cover

Critical illness cover is a type of insurance policy that pays out a tax-free lump sum in the event that you are diagnosed with a specific illness or medical condition during the term of the policy. Upgrades and other benefits can be added to this type of cover including combining it with life cover. Grech Wealth Management can discuss your options and source the right cover for your personal needs.

Term Assurance

This covers you for a certain period of time, like your mortgage term or until your children move home or become financially independent.

  • Level Term – this pays out a level amount of money at any time during the
    agreed period.
  • Decreasing Term – the amount of cover reduces over the agreed period. Typical example of this would be to protect a repayment mortgage.

Family Income Benefit

You would have an agreed period (term) and it is structured to pay a lump sum of money upon death each year during that term in order to replace your income.

Income Protection

Permanent health insurance is a long-term policy that is designed to pay a regular income should you develop an illness or injury that prevents you from earning. It will continue to pay out until you are able to return to work, retire, or until the policy ends.

An easy way to view this is like a sick pay you might get when you are employed. If you don’t have sick pay at work or you are self-employed, then this may be something for you to consider. It will not cover your full pay, and usually covers 50-60% of your net income.

Whole of Life Insurance

This is a plan that will last your whole life if you are willing to maintain the premiums. There are two main reasons for this cover, to pay funeral expenses and/or covering an inheritance tax liability on death.

Whatever your protection needs Grech Wealth Management can provide a solution based on your personal circumstances. Should you have any questions, please do not hesitate to contact us.

Life Protection

Investment Planning

Whoever you are and whatever your circumstances, it is likely that you will have financial goals of some sort.

Pension Planning

Planning for your retirement is arguably the most crucial financial decision you will ever make.


Mortgages can be tricky to arrange regardless of their circumstances and can involve a lot of paperwork.


Protection is one of the most important parts of financial planning as it can underpin a large number of needs.

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