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Payouts and policies rise in 2022
Updated by Advisory Financial Services on Wednesday, July 26, 2023Insurers supported people experiencing bereavement, illness, or injury to the tune of £6.85bn in 2022, according to latest figures from the Association of British Insurers (ABI).
Upwards trend
This total includes payouts from group and individual protection policies. Individual policies paid o…
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Protect your biggest investment with Income Protection
Updated by Advisory Financial Services on Thursday, July 13, 2023Buying a property is the biggest purchase most people will ever make and mortgage repayments tend to be most homeowners’ largest monthly expense. Despite this, many don't back up their investment with the right level of protection.
If you were to fall ill and be unable to work, would you be able to…
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‘Squeezed middle’ falling short on cover
Updated by Advisory Financial Services on Thursday, July 6, 2023Fewer than half of households have enough life cover to protect their family, according to new research1 that reveals a worrying gap for the “squeezed middle.”
While 44% of households have enough life cover to protect their family, the figures for those aged 30 to 34 (30%) and those aged 35 to 39 (…
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FTBs join forces for a mortgage
Updated by Advisory Financial Services on Wednesday, June 21, 2023Teamwork
A joint mortgage is the most popular way for FTBs to fund their first home purchase, with more than six in ten opting for one1. While many of these will be couples, a growing number of FTBs are choosing to take out a joint mortgage with friends or siblings.
First and foremost, buying with…
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Life insurance first timer?
Updated by Advisory Financial Services on Tuesday, June 13, 2023Getting life insurance for the first time can seem daunting. Having to think about something as significant as how your loved ones will cope financially once you are no longer here can be quite overwhelming. We’re here to help break things down and help you make the right decision for your unique ne…