One in 10 re-evaluating protection premiums due to cost of living: Royal London

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. ...