Does protection get the level of attention that it requires? Podcast by Ken Maxwell in IFA Magazine
In a recent episode of the IFA Talk Podcast, our director, Ken Maxwell, joined Sue Whitbread and Brandon Russell to discuss the importance of client protection.
During the interview, Sue brought up an interesting point, questioning whether IFAs prioritise safeguarding their clients’ wealth with the same level of attention as they do in helping them increase it.
Ken suggested that the need for clients to protect their wealth after retirement is, in many cases, often overlooked. He also noted that, when a client is passing on succession planning to the next generation, utilising life insurance to provide the liquidity to pay for Inheritance Tax is a strategy often missed.
Ken also discussed:
• Protecting client wealth during their lifetime – personal and business
• The benefits of income protection and shareholder protection
• The % of businesses who are underinsured or not insured.
Our thanks to Brandon for organising and Sue for co-hosting. You can listen to the full episode below here.
Listen to the podcast on Spotify.
Listen to the podcast on Apple Podcasts.
Listen to the podcast on IFA magazine.
_____
John Lamb Hill Oldridge | The UK’s Foremost Specialist Protection Adviser
Author: Max Maxwell, director at John Lamb Hill Oldridge.
Podcast – IFA Magazine, April 2023
Other Insights
‘Outsourcing protection advice: Should you, or shouldn’t you?’ by Paula Steele published in Protection Reporter
In the ever-evolving landscape of protection advice in the UK, the decision to outsource protection advice is becoming an increasingly relevant topic for financial advisers and firms. Protection products, such as Life Insurance, Critical Illness [...]
‘Opportunities for the life insurance industry from Budget proposals’ by Paula Steele published in Cover Magazine
Paula Steele, director, John Lamb Hill Oldridge, discusses how the Autumn Budget creates a need for protection for clients impacted by new Inheritance Tax (IHT) restrictions. The Autumn Budget on 30 October confirmed the changes [...]
Life insurance for Non-Doms: April 2025 deadlines
April 2025 deadlines: If clients are thinking of buying life insurance covering ongoing or tail liabilities and want cover pre-April 2025, they should be aware; Timing of Insurance and Risk Management: For clients planning to [...]