Retirement Planning - Critical decisions

What if something goes wrong with your client's health once they reach 50? If they are still working they may have an income protection scheme so that most of their lost monthly income could be replaced. These plans are useful as they often insure against musculo-skeletal and mental disorders. Or worse, they might have to retire early on the grounds of ill health, but on a smaller pension than they had planned for. Further planning would be to take out a critical illness (CI) policy, which would pay out a lump sum if they were diagnosed with one of a number of diseases. Protecting sav...