Taking out life insurance should be your #1 New Year’s resolution for 2024

Health and finances are the two most important priorities for Brits when it comes to making New Year resolutions. Exercising more, and saving money are the most popular resolutions, followed by eating healthier and losing weight. The statistics (reported by Statista) show how much Brits are influenced by their health and their finances, with one in five admitting to wanting to reduce spending on their living expenses. As we head into 2024, we want to help people meet those New Year’s resolutions, with minimal effort or spending involved. That’s because one of the easiest ways you can tick several of those resolutions off is by taking out a life insurance policy. In just one swoop, you can

• Focus on your health
• Protect your finances
• Save money on essential outgoings

We know you may be wondering how. Let’s find out.

Life insurance can help you focus on your health

One of the hidden benefits of life insurance policies is that many insurers are now adding value-added services to their plans. They know that by giving you the tools to focus on your health, you will be likely to live a longer, healthy life. Did you know that with many insurance providers, taking out a life plan will allow you to benefit from access to virtual GPs? They may offer rapid access to counselling services, or help you access any physiotherapy appointments. Whether you’re looking for a second opinion, or simply to cut through NHS waiting times, your life plan can be vital to helping you focus on your health. Some providers may also incentivise you to lose weight or take up a new exercise class by offering rewards and vouchers.

Income protection plans can protect your finances

If you want to save more money next year, then taking out income protection could be the best way to do that. According to research from money.co.uk,

• 34% of adults had either no savings, or less than £1000, in a savings account.
• Almost two-thirds (65%) of people believe they wouldn’t be able to last three months without borrowing money.

  What’s more concerning, 5.6 million people (17.2%) do not currently qualify for SSP (as reported by the CIPD). This includes those who are self-employed and those who earn less than £120 a week. This means that a significant number of people who could not fall back on state support would be forced to rely on their savings if they were unable to work due to accident, injury or ill health. If you resolve to save more money, the last thing you want is to have to rely on those savings to get you through a tough time. But with an income protection plan, you can have an insurance policy that will pay you between 50-70% of your income until you’re back on your feet. That seems like a no-brainer to protect your savings to us!

Our team can help you save money on essential living costs

If you are serious about reducing your spending on essential living costs, then it is always worthwhile talking to one of our experienced advisors, rather than relying on a comparison website. We can promise you the lowest possible life insurance costs – not just because of our price promise guarantee, but because we take the time to check that you are not over-insuring or under-insuring yourself. For example, without realising it, you might already have some basic financial protection in place, such as death-in-service benefits or enhanced sick pay policies. We’ll talk to you and take those benefits into account, which could lower the level of cover you need, or defer payments until a later date – all of which, can reduce your insurance premiums. And, as we mentioned earlier, many insurers are now offering incentives and rewards for everything from subscriptions to Amazon Prime, through to restaurant vouchers, cinema tickets and much more. When you talk to us, we’ll explain exactly what value-added extras are available, and you can use those savings to enjoy more of life, without increasing your outgoings.

Discover your personal life insurance premium

Taking out life insurance in 2024 should be your number one New Year’s Resolution. With so many benefits to the insurance plan, it makes sense to start the New Year with new financial protection. We know that it may feel overwhelming, especially if you’re not 100% sure what you’re looking for, or what protection you need. But with our help and support, we can help you maximise your financial stability, focus on your health and protect your family in any scenario. To discover your personal life insurance premium, simply request a callback. Our friendly team will call you at a time that suits you, and together, we can help you check off your resolutions before the New Year has even begun.