Insurance and Protection
Life does not always go to plan. Illness strikes, recovery takes time, jobs change, and savings can run thin far faster than we expect.
Protecting what matters most: your family, your income, your future
When the unexpected happens, the right insurance and protection strategy gives you, and the people who depend on you, financial stability, clarity, and confidence.
For many people, a life change is what prompts this conversation for the first time. A new baby, a divorce, the loss of a partner, a change of job, or a move into self-employment can all leave gaps in your financial safety net that you may not even be aware of.
At Bower Wealth, we have spent over twenty years helping clients build tailored protection plans that reflect their lifestyle, their responsibilities, and their long-term goals. We take the time to understand your situation fully before making any recommendation.
Why Choose Bower Wealth
Tailored Support
Bespoke protection planning designed around your specific circumstances, not a standard package. Every client has a different set of needs, and we treat them that way.
Trusted Expertise
Over 20 years of specialist knowledge as part of Bower Group, supporting individuals, families, and business owners with practical, clear protection advice.
Targeted advice
Dedicated advisers in your area who take the time to understand your needs and explain your options in plain language.
Life Changes. Your Cover Should Too.
Many people discover gaps in their protection at exactly the wrong moment. A policy taken out years ago may no longer reflect your income, your family, or your responsibilities. A joint policy may have lapsed after a separation. Cover tied to a previous employer may have ended when you changed jobs.
We have supported clients who came to us at a range of life stages and turning points, including:
- Becoming a parent and wanting to ensure the family is financially protected.
- Going through a divorce and needing to review or replace joint policies.
- Losing a partner and realising their own cover was inadequate.
- Moving into self-employment and losing access to employer sick pay.
- Returning to work after a career break and reassessing their financial safety net.
- Buying a home and wanting to make sure the mortgage is protected.
Whatever has prompted you to think about protection, the right time to act is now rather than later.
Your Income Matters
Your income is often your most important financial asset, regardless of whether it is the larger or smaller income in your household. If illness, injury, or limited sick pay leaves you unable to work, the impact on your bills, mortgage, and everyday living costs can be serious. Protection planning ensures you have a reliable safety net in place, not just savings that may run out, but structured cover that pays out when you need it most.
How We Can Help
Provides a tax-free lump sum to support your family, repay your mortgage, or secure future costs such as education if you pass away during the policy term. Life cover is about protecting the people who rely on you financially, and ensuring they can maintain their lives and plans if the worst happens.
If you are unable to work due to illness or injury, income protection pays a regular benefit to help cover your bills, mortgage, and living costs. It is particularly important for anyone who is self-employed, has limited sick pay from their employer, or whose household income would not sustain a long period without their earnings.
Pays a tax-free lump sum if you are diagnosed with a serious illness listed in your policy, such as cancer, a heart attack, or a stroke. This can help with recovery costs, lifestyle adjustments, or simply reducing financial pressure so you can focus on getting better rather than worrying about money.
Long-term income protection for those who need cover over an extended period of inability to work. Your adviser will explain how this differs from standard income protection and whether it is appropriate for your circumstances.
From key person cover for business owners to family income benefit, we help ensure the people and responsibilities that matter most are fully protected. We work with individuals, couples, and business owners to design a strategy that covers what matters to them.
Already have protection in place? We can review your existing policies to check whether they are still cost-effective, appropriate for your current circumstances, and aligned with your long-term goals. This is particularly useful following any major life change.
If you are the sole or primary earner in your household, or if you are raising children alone, the financial impact of being unable to work is even greater. We can help you put the right cover in place so that your family’s financial security does not depend entirely on everything going to plan.
A Strong Financial Foundation
Good financial planning is not just about growing wealth. It is about making sure that wealth, and your ability to generate it, is protected. Without the right cover in place, a single unexpected event can undo years of careful planning.
We work with individuals, families, and business owners to create clear, practical protection strategies that support you through difficult periods and help you stay financially secure when life takes an unexpected turn.
The Protection Planning Process
Initial Consultation
A relaxed, no-obligation conversation where we learn about your income, your lifestyle, your dependants, and what you most want to protect. There is no pressure and no jargon.
Understanding Your Situation
We explore your responsibilities, financial risks, any state benefits available to you, and how long your savings would realistically sustain you if your income stopped. This helps us identify the gaps and priorities.
Creating Your Plan
Your adviser builds a personalised protection strategy based on your priorities, your budget, and the level of cover you need. This includes waiting periods, policy terms, and a comparison of insurer options across the whole market.
Putting Your Plan in Place
Once you are satisfied with the plan, we arrange the policies on your behalf, explain your documents clearly so you understand exactly what is covered, and support you if you ever need to make a claim.
Frequently Asked Questions About Insurance and Protection
It is the process of identifying the financial risks in your life and putting the right cover in place to protect your income, your family, or your business if something unexpected happens.
Savings are valuable, but they may not last long if you are unable to work for an extended period. Insurance provides structured, ongoing cover that savings alone cannot replicate. The two work best together as part of a complete financial plan.
Yes, and as soon as possible. A divorce, a new job, a new child, or any other significant life change can alter your protection needs considerably. Cover that was right for you two years ago may leave important gaps today.
Self-employed individuals have no access to statutory sick pay beyond a very limited amount, which makes income protection particularly important. Your adviser will help you understand the options available and design cover that reflects your specific working situation.
Yes. We have experience working with clients who have pre-existing conditions and can help identify insurers and policies that may still provide meaningful cover. The options will depend on your specific circumstances, and your adviser will be straightforward with you about what is realistic.
Absolutely. We can assess whether your existing cover is still appropriate, cost-effective, and aligned with your current needs. Many people find that a review reveals either gaps in their cover or opportunities to improve value.
Before undertaking any work on your behalf, we will always inform you in writing of the cost. You will then be free to decide whether you wish to instruct us. Our fee structure will be dependent on the complexity of your situation and the work you wish us to undertake. Initial meetings are offered at our expense and without obligation. Please ask for a copy of our Client Agreement which contains details of our typical fees.
Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a guide to the future. The value of current tax benefits is subject to change.