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Reviewing Your Protection Options: A Smart New Year’s Resolution

This guide was last updated 16 December 2024

As the New Year begins, many of us find ourselves setting resolutions. Whether it’s hitting the gym more often, eating healthier, or finally tackling that long-overdue DIY project, the start of a new year feels like the perfect time to reassess and refocus. But have you thought about adding your financial security to that list?

We believe there’s no better time than now to review your protection options and ensure your plans align with your future goals. Here’s why this simple step should be part of your New Year’s resolutions and how we can help.

Why Reviewing Your Protection Matters

Life is unpredictable. Whether it’s illness, injury, or unexpected financial strains, having a robust protection plan ensures you and your loved ones are financially secure no matter what the year holds. If you’ve experienced any major changes recently—such as moving home, starting a family, or changing jobs—your existing policies might no longer meet your needs.

Here are a few key areas to consider:

  1. Life Insurance: Does your current policy provide enough coverage to support your family if something were to happen to you? With rising costs and potential changes to your circumstances, it’s worth reassessing.
  2. Critical Illness Cover: Have you considered how you would cope financially if diagnosed with a serious illness? Modern policies cover a wide range of conditions and can offer peace of mind during tough times.
  3. Income Protection: Your ability to earn is one of your greatest assets. Protecting your income ensures you can still cover essential expenses, even if illness or injury prevents you from working.
  4. Building and Contents Insurance: As a homeowner, it’s vital to have the right insurance for your property. This includes protection against risks such as fire, flooding, or burglary.
  5. Private Medical Insurance: In a world where health is a top priority, having access to private healthcare can make all the difference in ensuring timely treatment for you and your family.

How Coreco Can Help

We know reviewing protection policies can feel overwhelming. That’s where we come in. At Coreco, our expert advisers take the time to understand your circumstances and goals. We’ll help you identify gaps in your current cover, recommend tailored solutions, and ensure you’re getting the best value for your money.

We also work with a wide range of providers, which means we’re not tied to any single insurer. This independence allows us to offer unbiased advice and find options that truly suit your needs.

Make It Part of Your Resolution

Adding “reviewing protection options” to your New Year’s resolutions isn’t just about ticking another box; it’s about taking proactive steps to protect what matters most. Think of it as investing in peace of mind for you and your family. By reassessing your cover now, you’ll be better prepared for whatever 2024 brings.

So why not make this the year you take control of your financial protection? Book a consultation with one of our friendly advisers today, and let’s work together to create a plan that’s right for you.

Start the Year with Confidence

Your financial well-being is just as important as your physical and mental health. By reviewing your protection options, you’re making a smart and responsible choice that will benefit you and your family for years to come.

Contact us now to start your review. Let’s make 2024 the year of confidence, security, and smart planning!

 

Andrew Montlake

Written by Andrew Montlake

Andrew Montlake, better known as Monty, began his journey with an Hons degree in Economics & Politics before starting in the mortgage industry in February 1994. As a main founder of Coreco in 2009, he successfully grew the brand, marketing, and communications, and was made MD in 2019 focussing on the overall vision, strategy, and culture of the company. As Coreco’s media spokesperson, Andrew can often be seen or heard on TV and radio as well as regularly commenting in the national, local, and trade press. He is the author of this acclaimed Mortgage Blog and is well-known for his social media, podcasts, and public speaking. Andrew is now proud to serve as Chairman of the Association of Mortgage Intermediaries, (AMI) as a cheerleader for the Mortgage Industry as a whole and continues to work at the coal face, writing mortgage business and advising clients.

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