The traditional perception that wealth clients do not need protection has changed as the desire to hedge against different kinds of risk grows, delegates heard at a conference by COVER's sister publication, Professional Adviser.
Speaking on a protection panel at PA360 yesterday (01 May 2025), Debbie Kennedy, chief executive officer, LifeSearch, said clients who traditionally fell into the wealth category now have different responsibilities at different life stages and, therefore, the need for protection was increasing. She said: "The way we talk about protection has moved on. "There was a traditional perception that wealth clients do not need to prioritise protection but what we have seen is that it is now more about what happening is people lives, for example, clients are taking debt later into life. "The...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.