Jackie Chan’s Stunt Team may be blacklisted by all insurance companies, but for most people life insurance is an easier task to tick off the to do list, no excuses.
With one in three people more likely to buy protection insurance because of experiences during the pandemic1, the devastating impact of COVID has clearly led many to reassess their priorities. The reassurances provided by protection insurance have seemed more appealing for many amidst the turbulence of the last couple of years (98% of protection claims paid in 2020)2. Witnessing the pandemic’s impact on the health of others was cited as the main reason people were now more likely to take out protection insurance.
Perceived cost, however, remains a barrier for some. Indeed, almost a third of people say they haven’t taken out protection because they think it would be too expensive.
It’s a wrap
Protection is a crucial component of a balanced financial plan and, with policies starting at just a few pounds a month, it is a small price to pay for the peace of mind it provides.
Take action in 2022, to leave those you love protected.
1Hymans Robertson, 2021