How to Match Your Protection Cover to Your Life Stage
Your protection needs change as life changes. Here’s how to match cover like life insurance and income protection to your life stage.
The protection you need at 25 looks very different from what you need at 45. Life insurance, income protection, and critical illness cover aren’t static — they should evolve as your life does.
Here’s how to match your cover to your stage of life so your home and family are always secure.
Starting out: single or renting
Even before owning a home, income protection can help. It ensures your bills are covered if you can’t work.
Buying your first home
This is often when life insurance becomes essential. It protects your mortgage and gives your family security.
Growing your family
With children, both life insurance and critical illness cover become more important. They safeguard your home and provide stability.
Mid-life and beyond
As mortgages reduce and children become independent, protection needs shift. Income protection may remain vital, while life cover can be adjusted.
The Bottom Line
Protection isn’t one-size-fits-all. Regularly reviewing your cover ensures it always matches your stage of life.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loan secured against it.
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You may still want it if you own a home or have financial commitments with a partner.
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Ideally at every major life event, buying a home, having children, or changing jobs.
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Yes, many policies can be reviewed and updated as your needs change.
