It’s time to check your policy is up to date with insurance premiums on the rise

With insurance premiums increasing, it’s a great time to review your policy. Did you know that if you contact us, we may be able to find you a cheaper deal? Or even, we might be able to find you more benefits for the same fee. That’s one of the advantages of going through an advisor. We can find you a policy that suits your specific needs and budget.

Let’s dive in…

1. Is your coverage amount up to date? Maybe your situation has changed? Major life events like buying a home, having children, or changing jobs can impact how much coverage you need.
2. How about your type of coverage? Make sure the policy type is still the best fit.
3. What about the policy beneficiaries? Ensure that beneficiaries are up to date. Family changes or new dependents might mean adjustments to ensure the right people receive benefits.
4. It also might be time to review any added features (such as critical illness, disability, or income protection riders) and check if they’re still beneficial or if new options would be more helpful.
5. Could you pay annually?You will often get a reduction for paying your annual bill in one lump sum. Rather than spreading the cost monthly through direct debit.
6. You might be able to combine your policies. A policy that covers both buildings and contents insurance is often cheaper than taking out separate policies. Or even adjust your coverage to save costs to match your current needs could lower premiums without sacrificing essential protection.
7. And you may even be able to take advantage of a no-claims discount. If you don’t make any claims, you should see your annual premiums fall over time.
8. Let us compare policies for you. We might be able to find a more affordable option. Or a new policy with enhanced features that fits your needs.

Give us a call today so we can help tweak your insurance policies, so they are perfect for you!

Lifetime mortgage products vary by lender, and a financial adviser or equity release specialist can help you understand options specific to your circumstances. Contact us for more information, and let us help you get set up for a relaxing retirement!

This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or if you want your family to inherit it. If you are in any doubt, seek independent advice.