QuoteLifeCover

Have you been considering purchasing a life insurance policy , only to find yourself hesitating over one or two lingering doubts? There’s certainly nothing wrong with making doubly sure that a particular insurance plan on offer would be the right one for your requirements. However, it is also crucial not to be put off protecting yourself and your family by unfounded worries. This much was brought to our minds lately by research revealing that a whopping two in five homeowners do not presently have any life insurance. This particularly concerns us in the case of those households that would struggle to continue paying their essential bills - including the mortgage and other monthly expenditure - if the main earner was to pass away. And this eventuality is precisely what life insurance is designed to protect against. Don’t put off buying life insurance for the wrong reasons! So, what could possibly be deterring homeowners from buying the life insurance that would provide a one-of...

  It is not exactly news that the coronavirus crisis has profoundly altered the ways in which many of us think about our lives and our health. Now, however, we are beginning to see statistics emerge that help illustrate this, including with regard to sales of income protection cover. According to data recently released by the London-based analytics and consulting firm GlobalData, more than half (52%) of respondents to its 2020-21 UK Insurance Consumer Surveys said the pandemic had influenced their decision to buy income protection insurance during 2021. This compared to the 37.4% recorded for this same measure in 2020. Such a finding should not, of course, surprise anyone given the considerable disruptions brought to people’s personal finances by the pandemic, whether or not the virus directly and personally affected them or their loved ones. What else is clear from the statistics? The most frequently purchased type of personal income protection insurance during 2021, the ...