Should I change my insurance?

Family holding hands

Is it insurance or is it personal protection? Honestly, they are one and the same. Both are designed to give you and your family security and peace of mind should the worst happen.

With recent events and considering how the world is changing rapidly, it would be no surprise if your personal and financial circumstances have changed.

Therefore if you haven’t already, it is vital that you review all aspects of your finances and that includes reviewing your protection insurance, to make sure your policy provides adequate cover for your changing needs.


If you don’t review your provisions and make the necessary changes, any pay-out you do receive from a claim may not be sufficient to cover you and your family’s needs if you were to die or if you are unable to work due to illness.

For example, if you took out life insurance covering you for a certain amount, you may now have children, you may have moved to a larger house or you may even have additional debts. Therefore, the lump sum paid out to your family upon your death would no longer be sufficient to sustain their lifestyle, leaving them facing financial hardship and emotional suffering.

New policies offer better protection

Like any industry, the insurance and protection market has evolved over time. Modern policies can offer you better protection and more extensive cover.

When comparing a critical illness policy sold in 2007 with one sold in 2017, the more modern policy may have better claims wording, provision for part-payment, and other advantages.

If you have simply been paying your premiums on the same policy for years, it is likely that as well as facing the risk of being underinsured, you also won’t be benefiting from the kind of comprehensive cover offered by today’s policies. 

You may be losing out on value-added services and in certain circumstances, you may have exclusions that if medical details have changed, may be able to be removed or you could benefit from non-smoker rates.

We’re here to help

With so many different types of protection insurance on the market, it’s not surprising that many people just stick with the cover they have.

Here at Choicemortgages, we have a team of experienced advisors who can help ascertain what cover you need, what protection you have, and whether there is a benefit to changing your insurance.

Contact us on 01780 480600 to discuss the options available.  

We're here to help

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Choice Mortgages have provided me with a fantastic consultative service for over 10 years. I've had absolute peace of mind that everything related to my mortgage, home insurance, life insurance and critical illness insurance has been in hand. Nicki and the team have always given me informed guidance and I've had every confidence in their recommendations and products. A first-class service that I wouldn't hesitate to recommend.

A first-class service that I wouldn't hesitate to recommend.

Emma and her daughter