Sudden illness

How to cope when your life changes dramatically

We helped a couple deal with the implications of the husband’s serious illness, putting their future finances on a secure footing.

“Woodruff Financial Planning communicates well and explains complicated matters easily to the average person. Your honest and trustworthy manner gives me confidence that I am speaking to the right people about my financial goals.”

Angela Low, Investment Management client


An existing client developed a serious debilitating illness which meant that he would no longer be able to work. They needed to manage their income situation and to determine whether this change in their circumstances would impact on their future financial security.



Initially their main problem was one of income since the husband’s illness prevented him from working. They needed to re-assess their expenditure to find ways to address this situation.

Taking control

Previously the husband had handled all the family finances which meant that the wife had only a limited knowledge of their existing provisions. We needed to work with her to understand the implications of the changes to their lifestyle, and also to help her to take control of their future financial direction.

Managing claims

Luckily the clients had previously set up a number of insurance policies to cover against this kind of eventuality. However they needed help to present their claims to the relevant insurance companies so that they would receive a favourable hearing and also to help them manage the claim process through what was obviously a stressful period.

Possible care fees

Since the husband’s illness was progressive, they were concerned about the impact of future care fees.

Our approach

Insurance claims

We handled the insurance claims process, minimising the stress at this difficult time.

Calculated how much they needed

We showed them the amount needed to secure their desired future lifestyle. They had enough assets and income to fund their future needs. We also examined the impact of any possible future care fees.

Easy to understand position

Their plan meant they could easily understand their options. This allowed us to explore ways that they could improve their position.

Investment plan

We created an investment plan to generate a flexible income to fund their future in a tax efficient way, whilst taking the least risk necessary to achieve this.

Outcomes and Impact

A secure future

The clients were able to feel secure in their financial future at a very difficult personal time.

Taking decisions

We helped them to make important decisions about their future income and their potential financial needs.

Secure investments

We arranged low risk investments so that they could achieve income with flexibility to withdraw money should their situation change.

Continuing Support

Each year we revise their financial plan so that we can react to any changes and re-assess whether they remain on target to meet their long-term goal of security.

We also examine their investment portfolio and aim to keep it on track towards its goals while taking the least risk needed to do so.