Make reviewing your life insurance arrangements part of your plans for 2020.
The new year brings feelings of determination, resolutions, goals and aspirations. Maybe your goal is to get fit and healthy, to clear some debts or make some savings; reinvigorate your life or simply declutter your home. January is often a time for reorganising, do all the jobs you’d been putting off over Christmas (or longer).
Reviewing your life insurance arrangements should be part of this plan – especially in today’s world where there are many different options and added benefits available from innovative product solutions.
The average age of people making an insurance claim for Income Protection and Critical Illness is between 40 and 50 years old. It is more likely for a younger person to be unable to work for an extended period, and more likely for an older person to suffer from a critical illness.*
But importantly, the financial consequences can have the same impact regardless of your age.
By having the right life insurance arrangements in place, you can take care of your financial, mental and physical wellbeing, ensuring that should you be unable to work, become seriously ill or pass away, you and your loved ones wellbeing and financial security is taken care of.
There is a variety of life insurance solutions now available to suit your personal circumstances, whether this be through a lump sum pay out if you suffer a serious illness to help you pay for care or repay a mortgage, leaving some money to your loved ones should you pass away, or replacing your income if you are unable to work long term.
We believe that life insurance is not just a one size fits all policy but should be suited to you and your lifestyle. At FOCUS we take the time to listen to your needs, requirements and circumstances and advise on the most appropriate solution suited to you – and your budget.
Many Life insurance policies taken out today come with added extras such as discounts on gym memberships, savings on healthy eating purchases and free cinema tickets as well as mental health support lines and help to quit smoking. Some also offer well-being experiences, guided meditation, discounts on mini breaks and discounts on your life insurance premiums for leading a healthy lifestyle. So now not only can you protect your financial well-being, but you can make use of the additional benefits to kickstart your 2020!
FOCUS has got you covered – and can offer invaluable support along the way.
Take care of yourself and start the way you mean to continue, contact FOCUS and start your protection journey for 2020.
Madelaine Swift BSc Phys Hons, CeMAP
*Royal London Claim Statistics June 2019