The protection gap across the UK is estimated to be around £2trn and with recent events reminding us how the unexpected can have a devastating impact, now may be the perfect time to look at your protection policy. If you have had Life insurance for years, it might be time to reassess if it is still adequate for your needs.
All too often protection insurance is seen as an ‘add on’ when you make a big commitment like buying a house. But there’s more to protection and we need to shift how we see protection insurance for what it’s really there for.
Protection insurance is not there to just protect your house. It’s there to protect your life and your family. Peace of mind knowing your family’s lifestyle and standard of living can be maintained, no matter what, is invaluable. High income earners often feel that the assets and investments they have are enough, but by reviewing a client’s lifestyle and analysing their outgoings it often reveals a shortfall.