Time seems to pass so quickly and here we are already in 2022.
Over the last two years so much has happened and yet, so little has changed. Many of us take a bit of time to pause over Christmas and New Year and think about what we want to achieve in the year ahead. Some want to re-decorate, some want to move or even buy a holiday home. For those who have moved out to the country, they might even think about a city bolthole for when they go back to the office a little more often.
Thanks to the pandemic, one thing at the back of many people’s minds is “Do we have enough life cover?”
If only the answer was as simple as the question!
None of the above questions are much fun to ask and even less fun to answer. For those born in 1980, males are expected to live until age 70 and females age 76 (ONS data 09/02/2022). These are just averages, so for all those living beyond 70 or 76, there are, unfortunately, plenty who will pass away earlier.
All the above questions are relatively easy to ask compared to the next one though–if this is all a concern, what are you prepared to spend on it?
Life cover, income protection, and critical illness cover are nothing new. They have all been around for a long time but whilst numerous subscription services vie for our attention and money, maybe more of us should be preparing for the worst whilst hoping for the best?
So possibly the key question is… do you know how much it would cost to get some cover?
Just as an example – £250,000 of decreasing life cover for a repayment mortgage over 30 years for a 40-year-old non-smoker can be as little as £22 per month!
The easiest way to navigate the best providers and the most appropriate levels of cover for you and your loved ones is to talk to an adviser. When is the best time? Today? Tomorrow? The day before something happens? We leave that up to you but we are here when you need us–please contact us at www.coreco.co.uk or call us on 0207 220 5110 and let’s talk about what’s important to you.