Your protection needs will change as you travel along life’s journey, making it difficult to keep on top of what type of protection you need. A recent survey shows that only 27% of people are confident they have the right protection cover in place10.
The survey also shows that our perception of the likelihood of certain events happening is often wrong, with people thinking they are almost twice as likely to die during their working life than to have an accident that prevents them from working. Respondents to the survey also considered an early death more likely than a serious health condition.
If you had to stop working, how would you keep a roof over your head? Over half of 18 to 35-year-olds say they would cope for less than three months on their savings or investments, if they couldn’t work due to illness or injury.
We can help you understand your risks throughout your life and arrange the right products and level of cover, all within your budget. Get in touch to see how we can help.
10Royal London, 2019