Wealth manager EQ Investors has launched a guide to help people understand how protection works.
The guide, “How to buy protection insurance”, outlines what people need to need to consider when buying protection.
It aims to help people understand why they need financial protection, explains the main types of protection insurance, and outlines what to watch out for when buying cover.
Jeannie Boyle, director and Chartered Financial Planner at EQ, said protection should always be considered as part of an effective financial plan.
“Nobody knows what the future holds and your financial plan should ensure that you are prepared for any unexpected bad times as you progress towards your financial goals,” she added.