Protection insurance may feel like an unnecessary expense, but not to the beneficiaries of the £13m paid out each day for life cover, or the 46,000 that were able to claim in one year, when suffering a critical illness or being off work long-term due to an illness of injury.*
Many of us are wise after the event, but consider this regarding those of normal working age:
– 109,448 UK adults, aged 18-65 died in 2020 – that equated to 1 every 5 minutes.
– Currently, almost 2.5 million people in the UK are off work long-term due to sickness.
(Source: Office for National Statistics, Mortality data for 2020; Labour market overview, February 2023)
Plan for the worst…
In these difficult times, it’s fully understandable that your funds may have to be directed to meet other needs. But, it’s also important to consider the financial needs of your family, should the worst occur. Or, to have access to some degree of income stream to help you get back on your feet, should the unexpected happen.
Please get in touch to discuss this.