QuoteLifeCover

  How many of us want to spend much time thinking about the worst things that could possibly happen to us? The short answer is... not many. We would much rather be immersing ourselves in the things that bring us joy in life right now. Or we might feel that we have too many ‘immediate’ challenges in our lives to ‘fire-fight’, to even have the time to consider what unexpected adverse events could occur in the future. This brings us neatly onto the subject of income protection insurance . It works on a very simple principle: if you are rendered unable to work, and therefore to pay your way in life, due to an illness or injury, this type of cover can protect you by providing monthly tax-free payments. However, there might also be circumstances in which you feel income protection insurance wouldn’t really be necessary for you. So, let’s take a closer look at some of those. “I’ll get by on my savings if I get ill” Technically, it might be true for you - depending on your circumst...

Very few of us, it is fair to say, are ever happy to be in a position of being forced to cut back on our spending; nonetheless, it is a situation that more and more of us find ourselves in these days, amid the intensifying cost-of-living crisis. You might have already had to make some very difficult decisions of your own on how you spend your income each month, including prioritising certain areas of expenditure over others. So, with that in mind, what has your relationship with protection insurance been since the onset of the crisis? Have you had a policy that you then decided to cancel, or perhaps you have even taken out a new policy as one of your ‘essential’ elements of spending, to guard against the worst that could happen? Here at QuoteLifeCover, we would always emphasise the huge importance of keeping hold of a protection insurance policy during straitened times like these, when it might otherwise be so tempting to cancel such a product. This is provided, of course, that t...