Are You Financially Prepared for the Unexpected?

Research in 2025 has revealed a startling statistic: 1 in 10 adults aged 35-54 have no financial safety net. This means that a significant portion of working-age individuals could be at risk if faced with an unexpected financial challenge.

Could You Manage if You Were Unable to Work?

Life is unpredictable, and unforeseen circumstances such as illness, injury, or redundancy can place immense financial strain on individuals and families. If you or your spouse were unable to work for a month or more, would you have sufficient savings to cover your bills and daily expenses? Would your employer provide sick pay? And if you are self-employed, do you have enough business reserves to sustain both your professional and personal financial commitments?

What would happen if the main Breadwinner in your family was to pass away?

The emotional impact of losing a spouse is immeasurable. From a financial perspective, the loss of an income may not only impact your ability to meet your household expenditure, but also to save for yours or your children’s future. A 2022 study found that only 29% of adults in the UK had any kind of life insurance. Those who do often hold the minimum level of life cover which might be enough to repay their mortgage but little else.

Is your family prepared for a serious change in your health?

Every two minutes, someone in the UK is diagnosed with cancer. Thankfully, survival rates in the UK have doubled in the last 50 years. Despite this, the treatment of a serious illness or condition can mean weeks or months out of work. Your spouse may need to take time off to help with your recovery or take you to appointments. You may have additional childcare costs or need alterations to your home.

The Importance of a Protection Review

At Gilson Gray Financial Management, we understand the importance of financial security. That’s why we offer a free protection review designed to assess your financial resilience. During this review, we help you explore key questions such as:

• What would be your best-case scenario if you or your spouse were diagnosed with a critical illness, became unable to work for an extended period, or passed away?

• What financial commitments would you want to continue to fulfil?

• How would you want your family’s lifestyle to be maintained?

Ensuring You Have the Right Cover

Our review provides a valuable opportunity to evaluate your existing financial protection arrangements with a qualified financial adviser. We ensure that your current setup aligns with your goals and needs. If we identify any gaps in your cover, we offer tailored solutions to provide the security you and your family deserve.

In many cases, the cost of protection can be minimal, and cover can be tailored to suit your needs and budget.

Take Action Today

Don’t leave your financial future to chance. Protect yourself, your loved ones, and your livelihood by ensuring you have the right safeguards in place. Contact Gilson Gray Financial Management today for your free protection review and gain peace of mind for the future