PruProtect reports almost 1 in 10 UK residents have no life insurance, despite more than 80% saying they would be unable to maintain their family's lifestyle if they lost their income. British families are under-insured by £2.5trillion according to research from AXA - meaning a shortfall of £176,776 for the average UK family.
1. Protection is Vital
Would your family be able to cope financially without you? Could your spouse or partner afford to pay all the bills on their salary alone?
Protection is vital - so if you don't have life insurance cover then talk to our team of experts now - we can guarantee we will beat any direct quote.
2.Make sure you get the right cover
It's not just about getting the cheapest cover - it's about getting the right protection plan for your circumstances:
Know exactly what's covered - Check the small print.
Always offer full disclosure - Never hide anything from your insurer - it will jeopardise a claim.
Only insure for what you need - Shorter the term, cheaper the policy. Eg. You may want to only purchase cover until your children finish full-time education, or your partner retires.
Reduce the risk - The lower your risk profile, the cheaper your premiums. Try quitting smoking, losing weight or getting fitter and watch the premiums fall.
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