Rising U.K costs are forcing some holders to cancel their insurance policies.

As the U.K's cost of living crisis continues and mortgage payments soar, some holders are cancelling their life insurance and protection policies. On the flip side, the current economic climate is also pushing others to proactively seek to safeguard their income.

Cancelling an insurance policy is really the last thing people should do, as this immediately leaves them exposed. If you are considering cancelling your life insurance or another protection policy, take time to consider the importance of why you took it out in the first place.

Also remember that if the policy was taken out when you were much younger, perhaps fitter and healthier, a new policy taken out further down the line will almost certainly be much more expensive.

Life does not let you choose when you will be ill, unable to work, or die. You really do need to prepare for bad surprises.

If you are considering insurance policies, please get in touch. Initial enquiries are free and no obligation.