The number of protection policies — which include life insurance, critical illness cover and income protection — held by UK households has fallen by 8 per cent compared with July last year, according to insurance firm iPipeline. And a survey by comparison site NerdWallet found that 41 per cent of people were considering ditching life insurance in the near future. This is Money has teamed up with protection insurance specialist Cavendish Online to help readers find the best and cheapest life insurance. Next, I called my mortgage adviser to go through what life insurance, critical illness and protection policies he’d put in place. I’m now paying £151.22 a month for life, critical illness and income protection policies with Aegon and LV=.

Source: Daily Mail August 31, 2022 03:43 UTC