QuoteLifeCover

  Here at QuoteLifeCover, we are well aware of many of the pressures that people up and down the UK are feeling at the moment, particularly in relation to their finances. In 2022, many of us have found that our incomes aren‘t stretching as far as they used to, with this situation forcing great numbers of people to make hard choices about how they spend their money. At times when people need to cut back on their expenditure, the received wisdom is that it is best to first sacrifice those things that aren‘t so important, or that aren‘t currently being used. So, if you have a protection insurance policy in place right now - something like income protection , critical illness cover , or a life insurance policy - you might be asking yourself, “do I really need this? At least right now?” The problem with cancelling a policy and reinstating it later A lot of people who do have protection insurance like the above might be tempted to think that if their policy isn‘t currently payi...

  It‘s already well-known that finances can be precarious for the self-employed - but a new set of figures recently reported by the i newspaper has helped illustrate just how precarious many such independent professionals‘ situations are. The newspaper cited new research that found more than two thirds of self-employed people in the UK did not have a regular income. This risks self-employed people increasingly struggling to afford their bills as the cost-of-living crisis intensifies for many people. Moreover, a quarter of respondents said that they only had sufficient money to cover their costs for three months if they were unable to work. With more than half of the self-employed people questioned stating that they relied on personal savings when they weren‘t working, there is clearly cause for concern for this vulnerable part of the UK‘s workforce. The right protection insurance could help boost your financial resilience If you are an independent professional yourself - pe...