Insurance experts have advised the public to consider ways to protect their income and assets due to the negative financial impact of the coronavirus pandemic.
The industry says forward financial planning could help households stay afloat amid a crisis.
Chief Distribution Officer at Life insurer Steve Piper says, “Personally, I think the insurance sector has responded well to the COVID-19 pandemic. It was new territory for most people. A lot of claims are being paid at the moment and those are being honoured by the industry as a whole.
“What the pandemic has highlighted is that protecting your salary and income under whatever circumstances is absolutely critical. In a way, it has created a new awareness of the need to protect…