Over 50s consider axing life insurance

Continued high inflation is prompting over 50s to reconsider whether they really need their life insurance policies, research has suggested¹, sparking fears of vulnerabilities.

A survey of 1,000 people aged 50+ has shown that 22% of customers are thinking about cancelling their monthly payments as a result of the rising cost of living. A fifth (20%) of women with an over-50s life insurance plan are considering no longer paying, compared with 17% of men.

Looking ahead

Having the right insurance cover for your unique needs is an indispensable safety net for you and your loved ones. Before you cancel your life insurance payments, think about your financial commitments and the wider impact. Get in touch, I can help.

As with all insurance policies, conditions and exclusions will apply

¹Scottish Friendly, 2023