New research from Royal London shows that one in ten people with a protection policy are reviewing the cost of their premiums as a result of the cost of living crisis.
A survey of 4,001 UK adults carried out in February and March this year found that 11% of respondents are considering reducing or stopping their premiums to cut back on expenses. As the cost of living increases and inflation growing to 6.2% in February, Royal London's research found that nine in 10 people are planning to make changes to their household outgoings to meet expenses. Nearly two-thirds (63%) of people are planning to realign their finances, with 31% paying less into savings, and 11% reducing their protection premiums or stopping them altogether, according to the research. ...
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