The simple answer, yes!
Carers – non-professional people who are looking after family or others who are sick, elderly or disabled – are not as prepared financially as they should be for the issues that could arise if they were to become ill or pass away.
Research from Scottish Widows surveyed 5,022 UK adults and found that fewer than 3 in 10, of those who would count themselves as carers, have life insurance (28%).
Providing care is an important job and something people put a lot of time, money and energy into. It’s therefore important for them to think about what would happen should caring not be possible anymore and how to continue the same level of care even if they are unable to be involved.
Sadly, one in 10 (11%) said they do not trust insurance companies to pay out, despite the Association of British Insurers (ABI) and Group Risk Development (GRiD) statistics revealing that 97.8% of all claims were paid in 2017.
We understand that there can be confusion about how different policies work and what’s available to people which is why we always take a personal approach.
We take this approach when dealing with any kind of life insurance because it’s an important decision.
Instead of signing up to the first policy you can find on the internet it makes sense to get advice from an expert who can look at your individual situation and tell you what you need. This makes sure you and your loved ones will have the cover you need at the best possible cost.