Over 60% of brits would choose to protect their phone over their life

Following a recent poll we released across our social media, we found that just over a staggering 60% of those who voted in the poll would choose to protect their mobile phones over their lives.

This survey has provided us with an insight into the UK’s outlook on life insurance. At Caspian, part of our ethos is to make life insurance accessible and easy to understand.

Do you know the importance of protecting your income?

We all know that these days, everyone has their life on their phone. However, without your regular income, paying to keep your phone insured wouldn’t even be an option. So by protecting your regular income, you wouldn’t have to worry about paying the bills if you couldn’t work as normal - whether this be the electricity bill or your phone insurance bill.

An income protection policy is a type of life insurance that specifically protects a percentage of your income, so by paying a monthly premium each month, your income could be protected against illness or injury. With an income protection policy in your back pocket, you can go to work each day with peace of mind, knowing that if the worst were to happen then you would still be able to pay the bills.

If you made a successful claim on your income protection policy, then this cover would be able to provide you with monthly bursts of money, at a time when you’d need it most. The monthly payments could be used to make sure there’s food in the fridge, pay towards your rent and so much more.

Does your phone pay out a lump sum?

Critical illness cover could pay out a lump sum if you were to be diagnosed with a specified critical illness as defined in your policy conditions.

The lump sum that this cover provides can help ensure that you and your loved ones do not struggle with money if you were to become critically ill. If you were unable to work because of your diagnosis, this policy could help to ensure that your family can still maintain their current lifestyle whilst you focus your energy on getting better.

Without critical illness cover in place, you and your loved ones could end up facing serious financial issues whilst having to navigate life after your diagnosis.

Your life is worth more than your phone

Realistically, without your phone, at most, you’re likely to miss out on a few days of scrolling through socials or perhaps you’ll miss the latest updates in your WhatsApp chats. But realistically most of us would be able to replace our phones, pretty much instantly.

However, I’m sure you don’t need us to tell you, your life is a little bit different to your phone. Once you’re gone, you’re gone and without the correct measures in place then you could leave your loved ones a legacy of debt, money struggles and in some cases, an unpaid mortgage.

How can Caspian help?

At Caspian, we can help make life insurance simple. We specialise in life insurance and with over 200 years combined experience in life insurance - we like to think we know our stuff.

When you contact Caspian, you will be put through to one of our protection specialists who will be able discuss your life insurance needs with you. During your initial phone call, they will get to know you so they can identify which policy would suit you best.

Getting to know you is a crucial step in finding you the right cover, as once they know more about you then they can use this information to create a tailored policy best suited to your needs. Click the button below to begin your life insurance journey today!