Your changing protection needs for every life stage

Life is full of surprises and not all of them good. With this in mind, having the right level of protection in place is essential. Once protection is in place, it’s worth reviewing it regularly to ensure you have the right cover as your circumstances change over the years.

A recent survey1 reveals that just 27% of consumers are confident of the levels of protection they have in place. The results also show that people tend to overlook potential health issues, instead thinking that an early death is more likely than a serious health condition. Participants indicated that they think it’s twice as likely they will die during their working life than have an accident that could stop them from working.

Financial pressures can cause huge strain. More than 50% of 18 to 35-year-olds say if their health prevented them from working, their savings or investments would last them less than three months.   

Trigger points

Discussing your protection requirements with us ensures that you have the correct level of cover in place for you and your family. Certain trigger points, such as getting married, having children, moving home and taking on greater financial liabilities, are great prompters to reviewing the suitability of the cover you may already have in place. 

1 Royal London, 2019

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This publication is for general information and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication.

The Financial Conduct Authority does not regulate tax advice.