How does the Financial Risk Assessment work?

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Tell us about yourself

Provide basic information on your income, outgoings, and your current insurance coverage.

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Find out your level of financial risk

You will be given a score of poor, average, or good based on the information you provided.

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Edit your results

After receiving your score, you can find out how your level of financial risk could be improved with our protection policies.

What is financial risk?

Financial risk is how likely you are to experience setbacks due to unforeseen factors.

Imagine your protection coverage as a safety net that protects you from bumps in the road - such as the death of a spouse/loved one, a disability, or being unable to work due to ill health.

Important information

For insurance business we offer products from a choice of insurers.

"We're thrilled to be launching our new financial risk assessment tool, which will help educate our customers about the potential risks they face, the financial position they might be in if something happened, and an understanding of the solutions available."

Andy Walton, Proposition Director - Protection, Mortgage Advice Bureau

Protection advice

Our advisers are committed to finding the right protection policies for your needs to protect what matters to you and give you peace of mind, should the worst happen. 

Get in touch with us today to arrange an appointment.

Book a protection review

Frequently asked questions

What is financial risk?

Financial risk is how likely you are to experience setbacks due to unforeseen factors, such as death, critical illness, disability, and job loss.  

What causes financial risk?

Financial risk can be caused by a variety of circumstances - these factors may be in your control, such as your level of spending or lack of insurance, or they may be external, such as the economic climate or health issues.

How does protection work?

By taking out protection policies, you can minimise the impact of financial risks. This can be in the form of income protection or other types of insurance. Moreover, having a healthy emergency fund will help safeguard you from any financial risks that aren’t covered by your insurance.

What is income protection?

Income protection offers financial support if you’re unable to work due to illness or injury. It replaces part of your income and will continue to pay out regular, tax-free instalments until you’re able to return to work.

How do I know if I’m financially stable?

Financial stability means you have enough income to cover your expenses and have a buffer for emergencies. This can be achieved through a combination of protection policies and savings. Our Financial Risk Assessment can help you review your current situation and identify whether any improvements could be made.

How can I reduce my financial risk?

Unpredictable events can damage your finances. Take a free Financial Risk Assessment to identify your vulnerabilities and explore protection options that plug the gaps, giving you peace of mind.

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