Advisers share positive life insurance stories following controversial article

Kathryn speaks to Sophie King of Professional Adviser, on the backlash among financial advisers after a recent report published in The Sunday Times.

Many advisers felt the article lacked detail, that it spoke poorly of life cover and misunderstood its purpose, as something that can give people peace of mind for loved ones they may leave behind.

Kathryn took the opportunity to share positive stories where having cover in place has helped several of her clients, after life changing events occurred.

“There are certain times in life that we receive a huge shock,” she said. “It can be physical, emotional, mental, financial, or a mixture of all of them. Insurance is a way to protect yourself and your family, from facing financial difficulties if something goes wrong. Unexpected death or illness are prime examples of this.

“It’s important to remember we are not just talking about money. We are talking about money to pay off the mortgage, so the family can keep their home. It’s making sure that the loss of someone’s income, doesn’t force themselves or their family into financial ruin.”

To hear about the specific case studies and read the article in full click here.