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What do you value most?

By October 25, 2016February 12th, 2019No Comments

Which 3 things do you value most?

Is it:

•    Your phone
•    Your boiler, or
•    Your pet

You might well have insurance cover for one if not all of them. For instance, mobile phone insurance from insurance2go costs from £4.99 per month.  Boiler cover from British Gas costs from £12.24 a month.  You could even insure a four year old dog with Animal Friends Insurance for around £11.00 per month.

How do your regular outgoings compare?

As life doesn’t always go to plan, it’s sensible to have cover that would minimise the financial impact if anything happened to you.

While you might already have mortgage protection so that your mortgage is paid in the event of death, it’s easy to underestimate how you might continue to cover your regular outgoings if you were too ill to work, or worst case you died leaving behind your family to cover the bills.

Below are some of the typical everyday costs:

•    The average household spends £234 on food*
•    The average monthly cost of running a car is £147*
•    The average monthly household spend on power is £112*

So, have you thought about how you would pay for these regular outgoings if anything happened to you?  Remember these are just some of the costs you might pay for, and it certainly doesn’t allow for any luxuries such as holidays and family outings.

For cover that matters

For the kind of cover that matters, talk to us about what you need to protect your lifestyle and of those you love because when you think about it, your hard-earned savings might not provide the financial security you might need.

The cost of cover can be relatively inexpensive, but can you really put a price on peace of mind?

Why not contact your normal Cullen Consultant and complete a financial protection review, we will be pleased to give you that peace of mind.

*Source: Office for National Statistics Family Spending: 2015 (published December 2015).