Financial security for a widower and his young family

The Grants’ story

David and Fiona Grant married in their mid-20s.  David’s parents had been long-standing clients and the couple had sought our advice when buying their first property.

A few years later, once settled in their second house, their “forever home”, children Calum and Eilidh came along.  We continued to provide advice and we suggested some appropriate changes, updating the family’s financial plans as well as making relevant changes to Wills for David and Fiona.

Sadly, aged 35, Fiona was diagnosed with an aggressive form of breast cancer.  Although devastating, the insurances in place allowed Fiona to give up work as well as paying for the family’s dream holiday to Disneyworld while Fiona was fit enough to enjoy it.

As well as setting up savings plans for Calum’s and Eilidh’s futures, David and Fiona had put in place robust plans for the eventualities that we all hope will never come.

The family was devastated by Fiona’s death shortly after her 38th birthday.  Calum was 10.  Eilidh was 8.

Case Studies

The outcome

In the weeks and months that followed, we assisted David with all of the paperwork that had to be completed.  Due to the prudent plans in place, this included arranging claims on three life insurance policies, as well as sorting out incomes that the children were entitled to.

David was able to clear the mortgage and move to a part-time job that allowed him to work around the school day.  This meant he was always able to be there for Calum and Eilidh, including spending the summer holidays with them and attending all of their school shows.

Calum and Eilidh are now in their late teens.  They have happy memories of time spent with their mum, and of their dad always being around following her heart-breaking death.

Of course, no amount of cash could ever replace Fiona, but through sensible and appropriate planning, money is one thing the family has never had to worry about.

Cover will cease on insurance products if premium payments are not maintained.  The value of investments may go down as well as up and you may get back less than you invest.