Life insurance gives people real peace of mind. But it's not a "set once, forget forever" product. Families grow, jobs change, costs shift, and the cover that suited you a few years ago might not match your life today.
A protection review isn't about finding problems. It's about making sure your cover still does the job you think it's doing.
Not automatically. Life insurance usually pays out if you die during the policy term. Critical illness cover is separate: it pays out if you're diagnosed with a serious illness the policy covers.
Some people have both. Some only have life insurance. Some genuinely don't know, because the policy was set up years ago and the details are hazy. A quick review tells you exactly what you're covered for, so you're working from facts instead of guesswork.
No. Life insurance supports your family if you die. It doesn't help if you're unable to work due to illness or injury.
For most households, income is what keeps everyday life running: bills, childcare, transport, savings. If that stopped even temporarily, it could create real pressure.
Income protection fills that gap. It's designed to pay a regular income if you can't work due to illness or injury, depending on your policy terms. It's not a replacement for life insurance, but it's a strong addition to a wider protection plan.
Maybe not, and that's worth knowing sooner rather than later.
When you first took out cover, you chose an amount based on your circumstances at the time. Since then, your family, responsibilities, or outgoings may have changed. A review answers three questions:
If yes, you carry on with confidence. If not, you've caught it early, with options still on the table.
Very often, and ever more the reason to have a specialist review and provide clarity without obligation. Every policy has terms, and many have exclusions depending on the provider and your circumstances when you took it out.
Really all you want is to have a policy you are confident will work for you and your family in your time of need.
Are there exclusions or conditions you should know about?
Very often, and ever more the reason to have a specialist review and provide clarity without obligation. Every policy has terms, and many have exclusions depending on the provider and your circumstances when you took it out.
Really all you want is to have a policy you are confident will work for you and your family in your time of need.
Does your policy run for long enough?
Often, life insurance policies run for a fixed term, chosen to match a specific stage of life or financial commitment at the time.
If your life has moved on since then, that term might no longer fit. Your family may rely on you for longer than expected, or your responsibilities may have grown. A review checks whether the length of your cover still lines up with your life now.
Have the people you want to protect changed?
This gets overlooked easily. Marriage, separation, children, blended families, new partners: all of it can change who you want your cover to support. Checking your policy details makes sure it still reflects your actual wishes. It's a small step that makes a big difference for the people you care about.
Does a review mean starting from scratch?
No. Reviewing your cover doesn't mean cancelling it, replacing it, or admitting it was wrong. Sometimes a review confirms everything's fine. Sometimes it flags a small update. Either way, you get clarity, not pressure.
Protection should grow with your life
The best cover fits the life you're living now, not the life you had five years ago. Checking in from time to time isn't a red flag; it's good housekeeping. It means you're staying prepared and making sure your protection is still doing its job.
Want to check your life insurance still fits your life today? Speak to the BPS team for a friendly protection review.
Please note: The information contained within was correct at the time of publication but may be subject to change.
The right cover will depend on your business circumstances, policy terms and eligibility. BPS can help you understand the options available and what may be suitable for your needs.
