Financial protection is one of the building blocks of financial planning, yet there are many reasons people give for not putting insurance in place. Whether it’s too expensive or we believe that we will simply never need it, the reasons for not buying financial protection offer an interesting insight into how we think about money and make important financial decisions. After all, what’s more important than making sure you have the money in place to provide for your family if you became ill? This is what’s at stake when it comes to financial protection.
Reasons for not buying financial protection
This 676 word blog post explores some of the reasons people fail to buy financial protection, including new research from Royal London as part of their State of the Protection Nation report. Written on 27th May 2018.