Blog Article

Your key protection needs

Your key protection needs

Date: 12 October 2022 | By: cosgrove

Just under six in ten homeowners (58%) have life insurance, a recent study has discovered, leaving a substantial number without vital
financial security and wellbeing3 - have you thought about your key protection needs?

Few things in life can provide more peace of mind than having a secure financial future. If you became critically ill or suddenly passed away, what would you rather lose – your home or your mortgage? Choosing the right protection plan can protect your family’s lifestyle.

Over the years analysis shows that some people shun life insurance because they think it‘s costly and that policies don’t pay out. However, the most recent data shows that 98% of all claims were paid in 2020 and a variety of low-cost options exist for people with a smaller budget.

The sooner the better
In addition to enjoying more years with crucial peace of mind, taking out a policy earlier can result in a long-term saving. It is generally cheaper to get insured when you are younger because premiums will be affected by factors such as age and pre-existing health conditions. So make time to consider your key protection needs now, sooner rather than later.

More protection perks
Life insurance provides numerous benefits, but lots of consumers always want a little bit more. Added incentives increase take-up of life insurance policies4, with activity trackers (15%) the biggest enticement, followed by discounted gym memberships (10%) and fresh food subscriptions (10%), highlighting the link between a healthy, happy life and fi nancial security.

What’s right for you?
If you've thought about your key protection needs and you feel ready to protect your life and wellbeing, we can help you find
the most suitable cover for your unique needs. Our Insurance and protection fact file will help you consider the important things. Things which can be the difference between keeping and losing your home, and maintaining your family’s lifestyle.

We aim to help you avoid unforeseen hardship by ensuring you and your family are well protected should the worst happen.

 

3 MoneySupermarket, 2022, 4ABI, 2021


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