Brokers share most bizarre reasons why borrowers refuse life cover

Dariusz Karpowicz, director at Albion Financial Advice: “One of the most common reasons I hear from people for not taking out critical illness or life cover is that “I don’t need protection because it won’t happen to me”.

“Either that, “it’s too expensive” or something along the lines of “I have savings” or “my friends and family will help out if something goes wrong.”

“However, it’s eye-opening to note that a basic cover plan could start from the price of a weekly coffee and snack, yet many still overlook the importance of such protection.

“It’s crucial to remember that while no one expects the worst, being prepared can make all the difference. Having some cover is better than having no cover.”