Research1 has found that people in their 30s and 40s could be slipping through the net when it comes to protection cover. The data highlights that those in this age bracket are more likely to have inadequate protection cover for their mortgage, should the worst happen.
Has your protection caught up?
Many people experience significant life changes in their 30s and 40s, so it can be easy to forget to update your life insurance accordingly. With each ‘trigger’ event like getting married, becoming a parent or buying a house, comes a potential extra layer of cover that is needed to safeguard the future for you and your loved ones.
Protection provides a lifeline
So, it is vital to review your protection cover at regular intervals to make sure you have enough cover that is suitable for your unique circumstances.
1HL, 2024