Thousands of customers are missing out on or not getting the most from their protection policies, warns Andy Walton, protection proposition director at Mortgage Advice Bureau.
Around 382,000 people switched jobs in the fourth quarter of 2022, up from 365,000 in the previous quarter, according to Statista. Walton warned that these individuals risk not having adequate protection in place if they fail to update personal details on their policies. "As our lives change, so do our priorities, and what might've been the best protection for you five years ago might not be now," he stated. Significant life events, such as changing jobs, moving house, having a child, pay rises, new loans or debt can all mean that current protection arrangements may no longer be su...
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