Time For An Upgrade?

Have you upgraded your mobile phone in the past two years?

If the answer’s yes, your choice may have been driven by a change in your needs or wants. Perhaps you opted for a better deal, a different contract, or a handset with new features that weren’t available with your previous model?

When it comes to updating your phone, TV, or even your car, we all want to feel like we’re getting a good deal. The question is: why don’t more of us do this with items like the financial products we pay for every month?

Are your current arrangements still right for you?

Take critical illness insurance as an example. If you have a critical illness policy:

• When did you last update it?
• Does it still provide the cover you need?
• Does it continue to provide the benefits and features you need?

When your needs change, it makes sense to update things

Life may have changed since you last bought or reviewed your critical illness insurance cover. You may have had children, moved house, or your income may have changed.

This means that even though you have a critical illness plan in place, it might not offer you the level of cover you’d need if the unexpected happened. However, it might also provide cover for certain conditions which may not be available on a new plan.

Insurance innovation

It’s not just mobile phone companies that compete to offer the most innovative products – insurance companies are constantly updating their products to reflect customers’ changing needs too.

Given that more of us are living longer and surviving serious illnesses like cancer it is perhaps unsurprising that products like critical illness insurance have changed in recent years. For instance, many insurers have introduced greater flexibility and extended their cover to cater for a wider range of illnesses. Some have even introduced completely new products offering partial pay-outs, or for an additional cost, allow you to claim for non-critical illnesses and injuries.

Protect your loved ones

Critical illness insurance can help you cover mortgage or rent payments, treatment, or any home alterations you may need to make as a result of an unexpected critical illness – so it’s important your cover remains up-to-date.

We can review your needs and make sure you have the right cover in place. To arrange your review, please get in touch.