Johnny Timpson suggests four ways to kick off the financial protection conversation in the latest instalment in a series of monthly articles from Scottish Widows.
1. Would you rather lose your home or your mortgage? This was a favourite ice-breaker of Dr Marius Barnard, the inventor of critical illness insurance, who died in 2014. It certainly makes people think. Our own research shows only a fifth of the UK's mortgage holders have a critical illness policy, leaving millions at risk of financial hardship or losing their home if they were to become seriously ill. Compounding the situation is change to Support for Mortgage Interest [SMI], which is the...
Following January 2020 changes
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She was paralysed for well over six months
'How would you cope if your partner contracted an illness?'
Second round of changes for 2020