Published: 22/10/2021An insurance review does not necessarily have to be linked to a material change in the mortgage (which at times might not happen for as long as 5 or 10 years), in fact, you may find you’ll need a protection plan even if you don’t own a property!
Following any personal/financial changes (i.e.: birth of a child, separation, change of employment etc..) you should get in touch with your adviser to adjust any existing plan to your new circumstances.
It is also good practice to review your arrangements every few years, even if there have been no material changes in your life.
This is because the insurance market is constantly improving - new products are issued and new benefits are rolled out by the providers. It is therefore important to keep up to date with these amendments and make sure you still have the best product available to you and the accurate level of protection.
We have helped multiple clients finding a much better level of cover for their needs, at times even cheaper than what they’d been paying for their outdated packages.
Our specialists will be happy to review your insurance plans and advise you on the best way forward, so why not book your free consultation with us?