Life Changes: So Should Your Protection

You’ve already made one of life’s biggest financial commitments, getting a mortgage. But have you considered how secure your mortgage, and lifestyle, would be if something unexpected happened?

Recent research by Royal London highlights a striking trend: while nearly half (45%) of those aged 50–69 have sought financial advice, only 23% of those aged 30–49, often referred to as “mid-lifers”, have done the same.

Yet this age group is also the most financially stretched, with many juggling careers, raising children, and managing the mortgage. In fact, nearly half (49%) of mid-lifers have a mortgage, more than any other age group.

This group is also more likely to hold protection products (42%) compared to the general population (34%), including life insurance, critical illness cover (CIC), and income protection. That’s encouraging, but many took out these policies only at the time of buying a home, treating protection as a one-off transaction.

Life changes and so do your protection needs. If your family has grown, your mortgage has changed, or your income has increased, your original cover may no longer be enough. Crucially, 28% of mid-lifers said they could only cope financially for up to a month if they or their partner couldn’t work due to illness, a reminder of how vulnerable many families are.

This is where professional advice matters. Whether it’s reviewing existing policies, exploring better-value options, or identifying gaps in your cover, personalised advice can make a real difference to your financial resilience.

To ensure your protection keeps pace with your life, get in touch today