Only 30% of those aged 30 to 34 and 34% of those aged 35 to 39 have enough life cover to protect their family Households often insure mortgages but neglect cover for children and dependents The ‘squeezed middle’ must prioritise protection to avoid future shortfalls People in their 30s and 40s are falling into the […]
Category archives: Protection
Joint, dual, individual: understanding your life insurance options
40% of life insurance policies in the UK are joint rather than individual Joint life insurance policies can prove problematic when a relationship breaks down Dual life cover offers separate, flexible protection for both partners You’ve opened a joint bank account. You’ve signed up for a joint mortgage. So, a joint life insurance policy might […]
Why life insurance matters
50% of salaried employees and 33% of non-salaried workers lack life insurance Life insurance covers expenses like mortgages, bills and education costs should the worse happen Policies can start as low as a few pounds a month, offering affordable protection and peace of mind Taking out life insurance is a crucial step in protecting what […]
Surging demand for protection insurance – are you covered?
Income protection demand is expected to grow, with 51% of financial advisers predicting an increase in 2025 44% of advisers anticipate rising demand for life insurance, as more people seek financial security With economic uncertainty, more individuals are prioritising private health insurance and income protection The demand for health insurance, income protection and life insurance […]
Protection insurers pay out record sum
In 2023, protection insurers paid out a record £7.34bn in claims in, supporting those facing bereavement, illness and injury. The total value of critical illness claims rose to £1.2bn, with cancer the most common reason for claiming. Over 1,660 income protection claims have been paid out for more than 10 years, highlighting the value of […]
Narrowing the gender protection gap
You’ve probably heard about the gender pay gap. You may even have heard about the gender pension gap. But did you know there is also a gender protection gap? Women are typically less likely than men to have insurance that protects them financially against the risk of being unable to work due to illness or […]
The cost of dying
Nearly half (48%) of adults aged 18 to 40 don’t have life insurance1. This puts many in a precarious position, as the unfortunate reality is that the cost of dying is high. Research has found that a premature death can cost surviving family members an average of £195,475 over the course of ten years2. These […]
Get the year off to the right start with a protection review
Get the year off to the right start with a protection review Why not kickstart 2024 by reassessing your finances, particularly if you’ve undergone recent life changes? This should include reviewing your protection insurance to ensure it aligns with your current needs. Get protected Protection tailored to your circumstances serves as a crucial safety net […]
Preparing for winter storms
Minnie and Olga, Regina and Stuart – are all storm names for 2024 pre-allocated by the Met Office. With the average claim for storm damage topping £3,0001, it’s important to protect your home against extreme weather. So, what measures can you take? Keeping safe in a storm Ensuring you insure The most important step to […]
Check you have the right protection in 2024
A new year is an ideal time to reassess your finances, especially if you’ve recently experienced some life changes. Make sure that a review of your protection insurance is near the top of your to do list in 2024. Get protected The right protection for your unique needs can act as an indispensable safety net […]
