Tools & Calculators

What sort of products should I be thinking about for my finances?

The following are some questions you may want to consider. You should take financial advice before choosing a financial product.

This tool is designed to help give you an idea of the sorts of products you could consider to help protect your dependants and your future finances.

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My Details

Age
Do you have a partner or dependants?

Do you currently have Life Cover? Life Cover can pay out a cash sum if you die or are diagnosed with a terminal illness within the policy term.
Do you have Income Protection? Income protection can help to replace your income if you're too ill to work due to sickness or injury within the policy term.
Do you have Critical Illness Cover? Critical Illness Cover can provide a cash sum on diagnosis of a terminal illness or specified critical illness within the policy term.
Do you have any emergency savings?

Are you currently retired?
Would you like to find out more about retirement income products?
Would you like to find out more about inheritance tax and preparing to pass your assets to your loved ones?
Do you currently contribute to a pension plan?
Do you have any investments?

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We may record and monitor calls to help us improve our service. Representatives of Scottish Widows only offer information and advice on life, pension and investment products from Scottish Widows and the Lloyds TSB Marketing Group. There may be a charge for any advice given.

You mentioned you have dependants. Do you have sufficient life cover to meet their ongoing financial needs if something were to happen to you?
Find out more information about life cover or call us now on 0845 7678910*

How will your dependants meet their ongoing financial needs if something were to happen to you?
Find out more information about life cover or call us now on 08457 678910*

How will your dependants meet their financial needs if you were unable to work through illness?
Find out more information about Critical Illness cover or call us now on 08457 678910*

Would you or your dependants be financially OK if you lost your job? How would you maintain your ongoing financial needs. e.g. mortgage or loan repayments?
Find out more information about income protection or call us now on 08457 678910*

Do you have sufficient Income Protection to meet all of your ongoing financial needs?
Find out more about income protection or call us now on 08457 678910*

Would you be financially OK if you were unable to work through illness. Who would provide for your healthcare?
Find out more about Critical Illness cover or call us now on 08457 678910*

Do you have enough cover to provide for all your ongoing financial needs if you became ill?
Find out more about Critical Illness Cover or call us now on 08457 678910*

You mentioned you did not have any emergency savings. What would happen if you needed to get access to money quickly? As a general rule you should have at least 3 to 6 times your monthly take home pay as back up.

You mentioned you had emergency savings. Do you have a sufficient amount?
As a general rule you should think about 3 to 6 times your monthly take home pay as back up.

You are getting closer to retirement, have you looked into where your income will come from once you leave work? Find out more information about retirement income products and what the government will provide or call us on 08457 678910*

What income will you have when you retire?

Use our pension calculator to find out more, take a look at Scottish Widows Individual Pensions or call us on 08457 678910*.

You already have a pension but are your pension contributions enough to allow you to have the lifestyle you want when you retire?

Did you know?

Many people think that the state pension won't be enough for their retirement. Use our calculator to see the sorts of contributions you could be making to help make a difference to your lifestyle. Or call us now on 08457 678910*.

You mentioned you did not have any investments? How could you afford to buy for example, a new car, put a deposit down for a new house or a holiday of a lifetime?
Find out more about investments or call us now on 08457 678910*.

Could you be making your money work harder and getting better returns on your investments?
Find out more about investments or call us now on 08457 678910*.

You can find out more about inheritance tax planning by reading our beginners' guide or use our Inheritance Tax Calculator to help you work out if your estate is likely to be affected by Inheritance tax.

Find out more about retirement income by reading our beginners' guide, visit our retirement income products or call us now on 08457 678910*.

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Notes about this calculator

The figures are only illustrative and are not guaranteed.
The actual return on any savings or investment will depend on; the amount you invest, how long you invest for, the interest rate or investment performance, any tax payable and the tax circumstances of the investor and the effects of inflation.
We have not included any product fees or charges in our calculations.
The value of investment products is not guaranteed and their value can fall as well as rise and you could get back less than you invested.

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