It can be tempting to cancel your protection when times are tough and you’re tightening the purse strings. But removing the vital support that protection cover offers might not be the wisest move.
Take a step back.
Some households are considering reducing their level of protection, potentially leaving themselves vulnerable to financial shocks. With higher household bills and mortgage or rent costs, protection is more important than ever right now. Sometimes the instinctive response is not the best one!
Think it through.
By cancelling or postponing taking out cover, there is a risk that, should the worst happen, you and/or your dependents will be left in a difficult financial position. Have you considered how your family would be able to afford all the monthly outgoings if they were to lose the income of the primary earner through death or illness?
Unique needs
Protection is an essential part of long-term financial planning. We can help you find the right cover for your unique needs.
🚨 Data accurate as of the date of publication – 06.12.2023
🚨Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
Source: Quilter Financial Planning – Essentially Mortgages Q4 2023
