Life is full of surprises and not all of them good. With this in mind, having the right level of protection in place is essential. Once protection is in place, it’s worth reviewing it regularly to ensure you have the right cover as your circumstances change over the years.
A recent survey4 reveals that just 27% of consumers are confident of the levels of protection they have in place. The results also show that people tend to overlook potential health issues, instead thinking that an early death is more likely than a serious health condition.
Participants indicated that they think it’s twice as likely they will die during their working life than have an accident that could stop them from working.
Financial pressures can cause huge strain. More than 50% of 18 to 35-yearolds say if their health prevented them from working, their savings or investments would last them less than three months.
Trigger points
Discussing your protection requirements with us ensures that you have the correct level of cover in place for you and your family. Certain trigger points, such as getting married, having children, moving home and taking on greater financial liabilities, are great prompters to reviewing the suitability of the cover you may already have in place. 4Royal London, 2019
It is important to take professional advice before making any decision relating to your personal finances. Information within this page is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.
Tax and Estate planning are not regulated by the Financial Conduct Authority
The value of pensions and investments can fall as well as rise. You may get back less than you invested.
Will writing is not regulated by the Financial Conduct Authority.
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