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 […]
Do You Recognise the Signs of Serious Illness Denial?
Every two minutes, someone in the United Kingdom is told that they have cancer, a diagnosis that changes lives forever, according to Cancer Research UK. Surprisingly, a recent AIG survey revealed that 54% of people believe they are unlikely to experience a serious illness like cancer, heart disease, or a stroke during their lifetime. […]
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 […]
Don’t Let Complacency Hold You Back With Serious Illness
In the rush of our daily routines, it’s easy to assume that life will continue without disruption, we rarely consider the possibility of serious illness. While these events are uncomfortable to think about, they are a reality many face. From loved ones to colleagues, we’ve seen the impact of health crises, yet most of us […]