Why Autumn Is the Perfect Time to Review Your Financial Protection
Autumn is traditionally a season of preparation – getting the home ready for winter, planning for Christmas, and tying up loose ends before the year closes. It’s also the perfect time to review your financial protection.
Why Protection Matters
Financial protection policies – such as life insurance, critical illness cover, and income protection – provide a safety net for you and your loved ones if something unexpected happens. Yet many people take out cover once and never revisit it. Over time, this can leave you underinsured or paying for policies that no longer fit your needs.
Key Reasons to Review This Autumn
1. Life Changes Quickly
Major life events such as marriage, having children, moving home, or changing jobs all affect how much cover you need. If you set up your policy years ago, it might no longer match your lifestyle.
2. Inflation and Cost of Living
The value of money changes. £200,000 of life cover might have seemed more than enough 10 years ago, but would it cover the mortgage, debts, and family needs today? Adjusting cover ensures it keeps pace with rising costs.
3. Protecting Income, Not Just Life
Many households rely heavily on monthly income. If illness or injury meant you couldn’t work, how long would your savings last? Income protection ensures bills are covered and financial stress is reduced during recovery.
4. Peace of Mind for the Year Ahead
Autumn brings shorter days and rising household costs. Having confidence that your family is secure can remove a weight from your shoulders going into the festive period.
The Risks of Ignoring a Review
Without regular reviews, you might:
- Pay for cover you don’t need.
- Leave gaps in your protection.
- Miss out on newer, better-value products.
Insurance providers constantly evolve their offerings. Reviewing your policies can mean better cover for the same – or sometimes even lower – cost.
How a Review Works
A protection review doesn’t have to be complicated. At Larkbridge Mortgages, we:
- Review your existing policies.
- Assess your current lifestyle and financial commitments.
- Identify gaps or overlaps.
- Recommend tailored solutions that fit your budget.
It’s a simple process that can bring enormous peace of mind.
Take Action This Autumn
With winter on the horizon, now is the time to ensure your safety net is ready. Contact us today to arrange your no-obligation protection review.
