People often make the mistake of thinking that once they’ve taken out cover they need never worry about insurance again. But this approach can end up costing you money and leave you open to all kinds of risk.
We take a look at how basic short and long-term insurance needs (excluding medical insurance) differ throughout your life and where it’s possible to save.
Whatever your age or income, you should always ask yourself what assets you want to protect, says Fifi Mompati, head of Brokers and Alternative Distribution at Liberty. Asking this question can save you from buying the wrong or unnecessary cover. At every life stage you need to ask yourself this again, because your circumstances will probably have changed.