PAYOUTS AND POLICIES RISE IN 2022 Insurers supported people experiencing bereavement, illness, or injury to the tune of £6.85bn in 2022, according to latest figures from the Association of British Insurers (ABI). Upwards trend This total includes payouts from group and individual protection policies. Individual policies paid out £4.64bn [...]
'SQUEEZED MIDDLE' FALLING SHORT ON COVER Fewer than half of households have enough life cover to protect their family, according to new research1 that reveals a worrying gap for the “squeezed middle.” While 44% of households have enough life cover to protect their family, the figures for those aged [...]
LIFE INSURANCE FIRST TIMER? Getting life insurance for the first time can seem daunting. Having to think about something as significant as how your loved ones will cope financially once you are no longer here can be quite overwhelming. We’re here to help break things down and help you [...]
COULD YOU SURVIVE FINANCIALLY? 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 [...]
MORTGAGE PROTECTION:PLAN FOR THE WORST, HOPE FOR THE BEST In the excitement of buying a home and being accepted for a mortgage it can be easy to dismiss what would happen if, for an unforeseen reason, you could not cover the repayments. Richard Campo runs through the protection options [...]
CHECK YOU HAVE THE RIGHT PROTECTION IN 2023 The start of a new year is an ideal time to reassess your finances. Protection should be near the top of your list in 2023. Get protected The right protection for your unique needs is an indispensable safety net against any [...]
CRITICAL ILLNESS INSURANCE: HOW IT WORKS AND WHY YOU NEED IT - HR NEWS When you’re sick, things can go wrong very quickly. A serious accident can leave you unable to work; a life-changing disease can cause you to lose everything. When these events happen, it’s natural to feel [...]
GIVING UP YOUR INSURANCE COULD BE COSTLY 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 [...]
COULD I LIVE WITHOUT LIFE INSURANCE Planning for what you’ll leave behind once you’re gone is no easy task. But if you have loved ones that rely on your income, finding the right life insurance policy can make facing the unknown a little less daunting. Peace of mind Knowing [...]
CRITICAL ILLNESS COVER OFFERS KEY SAFETY NET As the main breadwinner, you do everything you can to provide for your family. But have you considered how they would cope if you became too ill to work? Safety net Critical illness cover typically pays out as a lump sum if [...]
