Payouts and policies rise in 2022

Payouts and policies rise in 2022

Insurers supported people experiencing bereavement, illness, or injury to the tune of £6.85bn in 2022, according to latest figures from the Association of British Insurers (ABI). Upwards trend This total includes payouts from group and individual protection policies. Individual policies paid out £4.64bn on life insurance, income protection and critical illness claims, while group policies,…

mammoth mortgage

Considering choosing a ‘mammoth mortgage’?

A standard mortgage used to run for 25 years but there is a growing trend for so-called ‘mammoth’ loans spread over up to 40 years as first-time buyers and movers opt for lower monthly payments. A dramatic increase According to UK Finance, the last two years have seen a dramatic increase in 40-year mortgages. In…

Check you have the right protection in 2023

Check you have the right protection in 2023

The start of a new year is an ideal time to reassess your finances. Protection should be near the top of your list in 2023. Get protected The right protection for your unique needs is an indispensable safety net against any unexpected downturn in your financial situation. As we head into 2023, ask yourself if…