LONDON, June 5, 2014 /PRNewswire/ --
Leading protection intermediary Drewberry Insurance has launched a new Family Insurance tool to help families better understand their financial risks.
Users are asked basic questions about their essential bills, mortgage and children, which takes no more than 5 minutes to complete, before a simple guide to their protection needs appears.
Based on the answers provided the tool, which is for guidance purposes only, provides the following information:
- % risk of being unable to work for 2 or more months
- % risk of passing away before age 65
- Appropriate levels of cover for income protection and life insurance
- Guidance on which policy options to choose
"It can be difficult for busy families to find the time to research all the different products and options" said Tom Conner, Director at Drewberry Insurance. "This new tool helps people to better understand the financial risks they face as well as providing a simple guide on which products can cover those risks and which options to choose."
Chairman of the Income Protection Taskforce, Peter Le Beau said: "We know only too well about the low level of awareness of income protection amongst the public. This tool is designed to help people think about more than just life insurance and we would recommend it to any family who isn't sure about their financial protection."
Tom Conner added: "The actual risk of passing away before age 65 is 7 times higher than the public perceive and according to our research 49% of people are choosing to buy protection insurance on the internet, which shows a clear need for online tools to help the public make more informed decisions.."
The free to use tool is available now at http://www.drewberryinsurance.co.uk/family-insurance#tool
Notes to Editors
- Drewberry research can be found here: http://www.drewberryinsurance.co.uk/press-release/health-protection-insurance-survey-2013
- The information provided by the Family Insurance tool is for guidance purposes only and does not constitute financial or other professional advice.
- The information contained in Drewberry Insurance press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
About Drewberry Insurance
Drewberry Insurance is a London based independent insurance brokerage providing insurance services to individuals and organisations throughout the UK. Our focus is to provide a great resource through our website and our expert advisers to help you make an informed decision when considering your financial protection.
Drewberry Insurance is an appointed representative of Intrinsic Mortgage Planning Limited, Registered in England 5372217 and Intrinsic Independent Limited, Registered in England 4500273. Wakefield House, Aspect Park, Pipers Way, Swindon, Wiltshire, SN3 1SA. Intrinsic Financial Services is a holding company, subsidiaries of which are authorised and regulated by the Financial Conduct Authority.
More information can be found at http://www.drewberryinsurance.co.uk
Tom Conner, Director, Drewberry Insurance, +44(0)20-3673-8879, firstname.lastname@example.org
Kevin Carr, Carr Consulting & Communications, +44(0)7887-838811 email@example.com
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