Life Insurance & the Cost-of-Living Crisis

It’s been a turbulent year for the UK economy, with further volatility set to come. As the cost of energy, mortgages, food, and all other household goods continues to climb, more and more uncertainty looms in the UK regarding personal finances. Many of us are looking at our current outgoings to see where savings can be made, but an often-overlooked area is Life Insurance policies.

For many, these Life Insurance, Critical Illness & Income Protection policies are often taken out and forgotten about, never to be reviewed again. There may be an assumption that the cover we have in place is the best option available, but this is rarely the case.

There are several reasons you may be able to save money on your policies, including…

Reduction in weight since you took out your policy
Improvement in medical situation
You may have stopped smoking
Changes in underwriting rules
You may have simply got a bad deal at the time – for example, if you took out cover from a non-specialist broker at the time you secured your mortgage

Your Life Protected specialise in finding Life Insurance for people who have pre-existing medical conditions. Our small, client-centred approach means we take the time to really understand your unique situation and requirements in order to find you the most appropriate cover at the best price. And as we work with the UK’s leading insurers, we have access to some of the best rates on the market.

If you would like to see how much you can save on your existing policies, submit an enquiry and one of our Advisers will review your situation.