British –American prides its self on a dedicated and professional agent force, which is committed to improving the lives of their clients. It is important to understand that having the right agent helps in securing your financial future. The right agent works along with the client in ensuring that a financial health check is periodical done; in order for proper planning to take place.   

 Why a Financial Health Check?

With just about every insurance company in the country offering a range of services, you may find the information both confusing and overpowering.   

 It seems that everyone is offering different Retirement Plans, Life Insurance Polices, Savings Plans, and Mortgages.  How can you be sure that you are choosing the right one that fits your personal financial requirements? What additional steps can you take to control your current financial position, allowing you to begin working towards a secure financial future for you and your family?

Getting answers to these questions is why most people need a full financial review.

What is a Personal Financial Review?

British-American’s Personal Financial Review is a process that involves identifying your financial goals and objectives, establishing your priorities, and then identifying the options available to help you achieve those goals. It gives you a sound foundation on which to build a more secure financial future.

Clearly, putting a plan in place to achieve your financial goals requires both objective and expert advice. British-American has a team of specially trained Financial Advisors whose sole purpose is to provide this advice.

Step 1

Identify Your Goals and Needs

First, we identify exactly what you wish to accomplish financially for your family and yourself. It may be a new home, your children’s education or a special holiday. Or it may be as basic as making retirement provisions or building financial protection for your family.

Your Financial Advisor will help you ensure that your goals are realistic and that you have both the time and money to achieve them.

Step 2

Gather Data on Your Current Financial Situation

Before an analysis and recommendations can be made, it is necessary to collect all the relevant data about your current financial situation. This will result in a detailed breakdown of your monthly income and expenditures.

Step 3

Analyze Your Data and Design a Plan of Action

Next we analyze your current situation. Once you know your net cash flow, a realistic plan for the future can be made. You then know how much you have to achieve your future financial goals. Only after this will your Financial Advisor design a Plan of action. Your Financial Advisor will ensure that your plans are cost effective and tax efficient 

Step 4

Implement Action Plan

The plan will then be presented for your approval. If you like the plan and feel comfortable with it, we will arrange for you to start the process of achieving your goals.

Step 5

Service and Monitor Progress

Finally, your plan will be monitored on a regular basis to ensure that you stay on track to achieve your goals. In this way your Financial Advisor can assist you adapting to changing circumstances.