Many of us realise we should have life insurance and, inevitably, some of us will regret that we don’t. A recent comment on the Moneyfacts website reports research suggesting that as many as 44% of those with a family aged 18 or under, or who are in a long-term relationship, don’t have any form of life insurance and that figure jumps to 72% for those without critical illness cover. (To read the report, please click here.)
We insure our possessions – why do we fail to insure ourselves? It seems that far too few of us take the plunge, a move that could save our family’s finances sliding into trouble should something tragic happen to us. Yes, it maybe sales hype – but not having life insurance could be a major error of judgement on your part if you value your family’s financial wellbeing.
We recently told you about a survey that laid bare some of the reasons why people don’t take out life insurance and / or critical illness cover, the most common being that insurance companies do everything they can to wriggle out of paying up. But research showed that that’s just not the case and that over 97.2% of claims are paid.
Life insurance and critical illness cover are essential if you’ve dependants and critical illness cover is essential even if you don’t. If you get a quote at least you can say you’ve ‘checked it out’ – and you may be surprised that the cost of not putting your family, or yourself, though a financially tough time isn’t as expensive as you may have thought.
One Financial Solutions is here to help you. As a firm of independent financial advisers we can provide impartial advice to help you identify the potential risks you face and develop a strategy that protects against their consequences: it may be a life insurance policy, a critical illness policy or something more specific. We’ll recommend the best products from across the whole of the financial services market and provide you with a solid, thought-provoking quote that will help put in place the safeguards you need to protect both you and your dependants.
So, if you’re looking for help with any aspect of protecting yourself, please call us on 020 3714 9565 or ask us to call you by sending an email to firstname.lastname@example.org.