New Year, New You | Financial Resolutions

It’s that time of year again where we start to think about New Year’s resolutions and make some promises for the upcoming 12 months. Most of the time, these resolutions are related to joining a gym and actually attending but if you can’t quite face the gym, there are other ways to bring you some peace of mind about your health.

There are a number of life protection and income protection policies that provide extra benefits for your overall health and wellbeing, as well as financial support. This can include access to a variety of services that are worth taking advantage of, especially during such an uncertain time that has been overshadowed by the Covid-19 pandemic.

As well as these additional services, there are a number of tips you can follow to make sure you start the year in the best way for your finances and your health.

Taking out life insurance

The right life insurance policy can provide financial peace of mind for you and your loved ones. It’s important to have the right amount of cover that ensures your family can pay off the mortgage, pay off important debts and/or have enough financial support for everyday living costs.

Shopping around can be a crucial step in finding a policy that suits your requirements, at the right price. If you have dependents, taking out life insurance is essential.

As well as making sure you have the right amount of cover, you might also want to consider what additional benefits you get from your insurance provider.

Smart Health service with AIG

One of the leading insurance providers, AIG, provide a number of health and wellbeing services as part of your policy. AIG’s flexible Smart Health service has been developed to bring you unlimited and accessible support, from GP consultations to mental health support.

The Smart Health service allows you to speak to a UK-registered GP 365 days a year, 24 hours a day. Access to the Smart Health app allows you to book an appointment online, which is particularly helpful if you have a busy lifestyle or if you need an urgent appointment.

The service can also provide access to fitness programmes, with tailored plans to help you reach your goals. It’s even available for your partner to use, as well as children up to the age of 21, to help the whole family get fit. Alongside this, you can also gain access to nutrition consultations.

Reviewing your cover

If you have already taken out a life insurance policy, you’ve probably already started to experience the peace of mind it can bring. However, it’s important that you regularly review your cover, as your circumstances can change over time.

For instance, if you took out your policy while you were a smoker, but have now been a non-smoker for over 12 months, you could amend your policy and even get a reduction on your premiums. Not only is quitting smoking great for any financial New Year’s resolutions, but also has a positive impact on your health too.

Getting financially fit

There are a whole host of small changes you can make that could create a positive impact on your financial wellbeing as we go into 2021. Prioritise your financial goals for the upcoming year, whether it’s to pay off debts or save up for something new.

It might also help to have a financial strategy and draw up a budget, which can result in a clear overview of what is essential spending and what could be cut down. Tackle your debts and make sure you’re keeping up with repayments on your mortgage, car loans or credit card balances.

Whatever your New Year’s resolutions are this year, make sure you look after your physical and financial health. Get in touch with Caspian Insurance today and make a smart health choice.