Nobody likes the fact that so much of their income is spent on unglamorous outgoings like mortgage repayments and household bills, but they’re an unavoidable fact of life. With the cost of living rising and many facing financial uncertainty, protection insurance should also be regarded as a necessary expense.
If you’re struggling with soaring costs, you’re likely looking at places to cut back. Cancelling your Netflix subscription and cutting back on protection, however, are not one and the same. When you take out protection cover, you are paying for your family’s security and wellbeing should life take a turn for the worse.
Starting early is likely to save you money because the younger and healthier you are, the lower your premiums are likely to be, but it really is never too late to get your protection cover in place.
Understanding what is available and choosing the right amount of cover for you and your family is important.
Working with your financial adviser
will help you find protection which is affordable and understand the value of each type of insurance, so you are reassured that you are selecting the correct policies to secure your financial future.
🚨Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
🚨 Data accurate as of the date of publication – 16.08.2022.
🚨 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 Q3 2022