We’re Here to Help
01252 229981*
Call waiting time: 8 secs

Let's Help You Find the Best Life & Critical Illness Cover Policy (& Save Money too!)

Free Quote

Since 2006 we have helped 370,667 people compare Protection Insurance quotes. Five Stars Excellent (4.9) We would love to do the same for you...

Now’s the time to protect your loved ones - Prices have never been cheaper.

Our team of experienced advisers can help guide you through the options and can provide discounts on the best deals in the market.

The quotation service is completely FREE & you are under no obligation to purchase.

Since 2006 we have helped 370,667 people compare Protection Insurance quotes. Five Stars Excellent (4.9) We would love to do the same for you...

‘Vast majority’ of renters have no protection insurance in place against financial shocks

If you are a renter reading this blog post, have you ever stopped to consider what you would do if you were rendered unable to work, and therefore also unable to keep up with your monthly rental payments and other bills?

We ask this question, because a recent survey by a well-known life insurance provider has once again thrown light on the subject of the millions of renters out there who lack a financial safety net in the event of the worst happening to them.

What exactly did the survey discover?

The poll that we are referring to was recently reported on by the Financial Times’ FTAdviser website. Specifically, the insurance specialist found that just 5% of renters had taken out critical illness insurance, which is the type of cover that provides a tax-free lump sum in the event of the policyholder suffering a serious illness such as cancer.

It was also discovered through the research that a mere 3% of renters had an income protection policy, and even life insurance was only held by one in four (24%) of those quizzed.

That’s not a great picture for tenants, although it’s worth noting that homeowners didn’t fare much better in this regard. The FTAdviser said that just 11% of those who owned their own home had taken out critical illness insurance, while 7% had income protection. A third, 33%, had arranged a life insurance policy to provide a one-off tax-free lump sum in the event of their death.

Renters shouldn’t assume they will never need protection cover!

The above situation may be especially worrying for renters, though, given that it is people in this category who typically face higher housing costs. Indeed, it has been said that while homeowners fork out an average of £525.90 a month to cover their mortgage responsibilities, renters typically pay £658 in rent every month.

When one considers this alongside the claim by almost a third (31%) of renters that they have previously taken an extended period of unpaid time off work as a consequence of illness or to care for a relative or friend, it suddenly becomes obvious just how crucial the right protection insurance could be.

This makes it all the more concerning that when the survey respondents were asked why they had not taken out life insurance or critical illness insurance, 21% of renters said it was not a financial priority for them. The equivalent figure for homeowners was 16%.

Are statistics like the above putting you in mind of your own past attitude to protection insurance, and making you wonder whether now is the time to look seriously at investing in a suitable policy? If so, we provide a completely free and no-obligation service to help you make sense of the possibilities on the market today; simply call 01252 229981 to get chatting to us.

Personal Service

We have tracked down the very best protection insurance advisers in the UK to ensure you have access to best advice and the best products from the leading insurers.

Instead of pushy sales people, our advisers offer a more personalised service to guide you through the process and ensure you enjoy lasting peace of mind by making an informed choice.

Get Insured within 20 Minutes

It is possible to be protected with a life insurance or critical illness policy within 20 minutes provided the insurer does not require a GP report or medical.

A GP report or medical is normally required for large amounts of cover (over £400,000), or if your BMI is over 30, or you have any significant ongoing or past medical issues, or if you are involved in dangerous job or high risk hobby.

Calculate Your Cover

Find out how much cover you might need by using our simple online calculator. It will take into account your outstanding mortgage, any loans or credit cards, your monthly income and how many children you have.

Ultimately the right amount of cover is often a balance between what might be an ideal figure and what you can sensibly afford.

Calculate your cover here

Personal Service

We have tracked down the very best protection insurance advisers in the UK to ensure you have access to best advice and the best products from the leading insurers.

Instead of pushy sales people, our advisers offer a more personalised service to guide you through the process and ensure you enjoy lasting peace of mind by making an informed choice.

Trustpilot score for the service you'll receive

Five Stars Excellent (4.9)

Great communication, help and guidance.

All my questions were answered, as I know little on how life cover, critical illness and terminal insurance policies work.

I was given good independent advise, so I could confidently make my choice on what was right for me.

- Denise

Clear, friendly, efficient and prompt service.

No nonsense, no jargon, just clear and informative guidance. Very quick with results which did not disappoint. Delighted with my deal which was a third cheaper than my own bank offered me and I didn’t do any of the legwork. More than happy to recommend.

- Ms Shannon

I found the customer service representative very polite and informative and helpful.

I wished some information on life insurance for a mortgage I have applied for.

All in all the process was very useful and informative and the representative was very helpful and polite. I would recommend this online service to anyone who is looking for life cover.

- Mrs Severn

Very good professional service.

I was impressed by the quality of service by the advisor who dealt with my request. He has carefully listened to my requirements, asked a few relevant questions and has provided me with the option which suited my needs in the best possible way. I have really admired his flexible approach and fantastic customer skills.

- Mrs Cookson

Professional and no-nonsense approach.

Very thorough yet friendly service. Good contact and information one can understand.

- Heather Cronley

A professional customer centric company with the client at the heart of the transaction.

The advisor put me at the heart of the transaction, was professional, gave realistic opinions and suggestions offering me choices in clear terms which I understood.

- Andrew Hughes

Outstanding service and knowledgeable customer service rep.

I received a call as promised in my email. Marie Bedding was very knowledgeable in her subject matter, she took some basic details and was very polite and courteous in her manner.

Marie was very sensitive when discussing personal circumstances and listened carefully and showed compassion to my details. Marie then said ‘leave it with me and ill get back to you’, within 20 minutes Marie was back on the phone with the quotes as promised and gave me a selection of options to chose from.

Marie did not pressure me with the ‘Hard Sell’, I needed time to discuss the options with my partner, Marie kindly emailed me all the details and left it in my hands to contact her once I had made a decision and if I would like to go ahead with the policy.

I cannot fault this service and the professionalism I received.

- N Marsden

Excellent Service.

Great service, easy to understand terminology. Everything explained and documented by adviser. Thank you.

- Glenda

The quotation service is provided by an FCA-authorised insurance specialist

 

Submitting your information.
Please wait...

Loading