The cost-of-living crisis is taking its toll and many UK consumers are looking to reduce their outgoings. Before you consider cancelling your protection policy speak to me first. If affordability is a concern, you could reduce the amount of cover or remove additional benefits. Or in the case of income protection, you could consider increasing …
Nearly half (45%) of adults between the ages of 25 and 44 who don’t have a protection policy aren’t sure they could cope financially if they were too ill to work. Worrying research from LV= suggests that a large minority of working adults could be in significant danger of financial distress if they fell ill. …
Fewer than one in four people has a life insurance policy that would support their family in the event of their death, a new study1 has found. As the cost-of-living burden worsens, experts fear that the protection gap could continue to widen. Indeed, a tenth of respondents said they have already given up one or …
Insurance – concern as consumers cut back on cover Read More »
The benefits of income protection have been showcased over the last three years during the turbulence of the pandemic years. With more economic uncertainty ahead, now could be the ideal time to take out a policy that protects your loved ones and yourself. Awareness Week Income Protection Awareness Week, originally scheduled to start on 19 …
As the cost-of-living squeeze starts to bite, many are looking to make savings on their monthly budget. Experts are warning families to think twice, however, before scaling back on essential protection. Cutting back The number of protection policies held by UK households has fallen by 8%1 year-on-year, research suggests. Worse yet, two in five people2 …
Many people like the immediate reassurance of leaving their family a lump-sum payment once they are gone. But for others, the idea of providing a regular income is more appealing. Instead of an instant windfall, a life insurance policy with a family income benefit means your family will receive fixed, tax-free payments should you die …
