How can you provide an effective safety net for your finances? A good starting point is to hold a strong set of emergency savings (e.g. 3-6 months’ worth of living costs) in an easy-access account. However, this will only take you so far in the event of a serious illness or accident which stops you from working.
Category: Protection
Insure a life (Seguro de Vido) – navigate life insurance in Spain
What would happen to your loved ones if the worst happened? This is not a fun question to ask ourselves, but it must be asked – especially if we have dependents, such as young children. British expats do have a range of financial protection options.
Health, income & life protection: a short guide
Do you have a financial safety net ready in case of emergencies? As an expat, the need for a financial protection plan can be even more urgent due to the nature of spending considerable time abroad. What if you need to fly home quickly for a family emergency? What if a serious illness or accident leaves you unable to work and earn money for a significant period? Perhaps your host country and/or local employer is not as generous, say, with sick pay and benefits compared to those in the UK and elsewhere.
Financial protection when living overseas: a short guide
In the excitement of moving (or retiring) to a place like Spain, it is easy for British expats to overlook the key “What if?” questions. Yet identifying what could go wrong – and laying out a financial protection plan – could be crucial to safeguard your wealth and lifestyle.