Guide to Protection Insurance

For the over 50s, protection insurance choices depend very much upon your lifestyle. If you are in full time employment with a family to support, your protection insurance needs will be very different from your neighbour who is retired or financially independent.

Virtually all protection products are focused upon your requirements when you are in work. They are designed to pay out when certain things happen that would dramatically affect your income and your ability to maintain the lifestyle of yourself and your family.

The reality of longer working lives is driving change as people find it is essential to stay in work as their pension benefits may fall short of their everyday living expenses. Equally there are greater numbers than ever before becoming parents in their forties. This means it will become increasingly common for parents to have dependent children, especially those in further education, well into their 60s.