With households facing the biggest squeeze on their incomes in many years, it’s understandable that families are looking for ways to cut costs.
When looking to cut back, reviewing subscriptions and direct debits (for example, for streaming services, food subscription boxes or gym memberships) is often a good place to start, but there is one cost that you shouldn’t be so quick to give up.
Protection is vital
As tempting as it is to cancel protection insurance policies, times of financial difficulty are exactly when we need protection the most.
Many policyholders aren’t aware that life insurance cover can be flexible, and there are ways to reduce your cover rather than cancelling it outright.
Get in touch
If you have any questions about your protection policy please do get in touch. We can help you organise your finances and keep your vital protection cover in place.
The value of investments and income from them may go down. You may not get back the original amount invested. A pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.