What is an IFA?
IFA is short for ‘independent Financial Advisor’ They are a professional who offers independent advice on financial matters to their clients.
And what is the role of an IFA?
In one word- Protection!
Yes, you did read that correctly.
What do we mean by protection?
There are 3 areas.
1. To protect the income of the family breadwinner in the
event of illness, accident or disability. This is covered by income
protection and critical illness policies
2. To protect the income of the family in the event of the death of the breadwinner. This is covered by life insurance.
3. To protect the income of the breadwinner in retirement. This is covered by adequate pension planning.
Three simple steps to protect the family’s income, no matter what life throws at them!