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Failing to update levels of life cover at various stages of life means millions of Britons risk leaving dependents in financial difficulty.

More than five million people are estimated to be playing a dangerous game with their loved ones' futures.

Almost two thirds (60%) of those with life insurance admit they have not updated their level of cover following a significant change in their personal circumstances.

Life changing events such as getting married, having children, or buying a home with a bigger mortgage can all have an impact on financial commitments.

However, worryingly, millions of people fail to take this into account and do not review their level of life insurance cover accordingly.

The most common change in personal circumstances people are likely to have experienced since purchasing life insurance is changing jobs.

Having children and getting married were the second and third most common change respectively.

Many people invest in life insurance when they buy their first home as they want peace of mind that they're covered should anything happen and they're unable to pay the mortgage.

However, clearly people are overlooking the need to update their level of cover once their personal circumstances have changed.

Life insurance provides financial cover should the unthinkable happen and enables people to be secure in the knowledge that their dependants would receive sufficient funds if they were to die, which would help them to protect their standard of living.

Protecting yourself and your family financially against any unforeseen circumstances should always be at the top of your list of priorities.

Steve Allen will help you scour the market for the best life insurance deals around.


The FCA is the independent regulator of financial services in the United Kingdom. Carrington & Company is entered on the Financial Services Register ( under reference 310737. Steve Allen Insurance is a trading name of Carrington and Company which is authorised and regulated by the Financial Conduct Authority * These products (or services) are regulated by The Financial Conduct Authority, but advice will be given by a third party

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Steve Allen Insurance
225 Bury New Road
Manchester M45 8GW

0161 766 1927