Protection vs Insurance: What’s the Difference and Which Do You Need?
You may have heard the terms “Protection” and “Insurance” (like critical illness insurance and life insurance). But have you wondered what the difference is? In the world of financial planning, the terms protection and insurance often get used interchangeably, but they’re not quite the same. Here’s a quick overview, but remember, speaking with us directly […]
How Protection Needs Evolve Over A Lifetime
Understanding how your insurance needs change over time is key to maintaining financial security. Life Insurance, Critical Illness Cover, and Income Protection are not “set and forget” products; they must evolve alongside your financial obligations. Here’s a stage-by-stage guide to how coverage requirements typically shift throughout a lifetime. 1. Early Career (20s) Life […]
What is the UK Financial Protection Gap? How Life, Critical Illness, and Income Protection Cover Work
Illness, and Income Protection Cover Work Did you know most families are one crisis away from financial hardship? Unfortunately, there are some devastating numbers out there: A parent of children under 18 dies every 20 minutes in the UK, equating to around 127 newly bereaved children every day. On Britain’s roads, more than 80 people […]
How is the UK Insurance Market Changing? Key Trends for 2026
The UK insurance market continues to evolve rapidly, shaped by emerging technology, climate pressures, and regulatory updates. While the core fundamentals of protection remain unchanged, how insurers price and deliver cover for your home, car, business, and family is shifting. Here is what you need to know about the current landscape. 1. More […]
What is probate and could it affect a life insurance claim?
Maybe, unless you’re in the industry or haven’t experienced the loss of a loved one, it’s likely that the term “probate” is unfamiliar to you. It’s a lengthy legal proceeding before the courts to settle wills. A grant of probate is sometimes needed when valuable assets, such as property and shares, are left in […]
Are You Running An SME Business Or Working For One?
Long term sickness can have profound consequences on small to medium businesses and their employees, affecting productivity, morale, and the overall stability of the company. Despite this, research from the British Chamber of Commerce (BCC) and Unum, a Fortune 500 listed Insurance Company, has shown that in a survey of 1000 UK businesses, only 8% […]
How Important Is Family Income Benefit With Critical Illness Cover?
In January 2019, Cover Magazine featured an article titled ‘Macmillan Cancer Support: How insurers can help,’ beginning with a statistic that highlights a critical issue. “According to Macmillan research, around 83% of people diagnosed with cancer experience a financial impact, and these people are on average £570 a month worse off. This is often caused […]
Effective Communication: The Key to Securing Your Protection Plan
British Friendly’s 2019 Claims Report has thrown up some interesting statistics. As a mutual, the organisation has been trading for 117 years providing protection cover. As well as uncovering some of their more unusual claims, for example, one for cat scratch fever, the report highlights some concerning ones: Only 1 in 10 people are covered […]