Does your Financial Plan look like this?
Is this what your Financial Plan looks like? In my experience this is how it is for many people.
When I see this I dont blame the customer, I blame the advisors that sold the plans. The client may taken out the mortgage protection plan when taking on a mortgage.
The advisor sells the plan and simply move on, leaving the client to pay for the plan, the advisor moves onto to the next sale.
They have no contact other than a yearly letter which just gets stuck in a folder or drawer somewhere.
With new clients the first step is to simply explain to them what they have and also to understand why they took it out.
The next step is getting rid of usually about 8 versions of the same report or letter that they have been receiving year after year. You really only need the original plan document and the most recent annual benefit statement.
Then we have a conversation around what they want. Next we agree with the client if any changes need to be made.
If you have plans that are just lying in a drawer and you are not sure about them or if you have a pension and have not heard for anyone in years then please get in touch.
087 772 9268
