I have had Medical Insurance in one form or another for over 40 years, only now am I considering stopping it as it has become so expensive I can no longer afford it.

This is sadly a common complaint we hear about medical insurance. Many insurers are not pro-active enough in recommending suitable products for their members; therefore people stay on the expensive plans until the leave when some prudent planning would have saved on the premium.

Also, there are a number of insurers who either fix the age at which you join the plan, or fix the premium. These options provide a more stable platform for the years ahead. They do not always work out the most cost effective solutions in the shorter term, but can save a small fortune over a lifetime. If you are concerned about this, we recommend that you speak to your adviser… we try to ensure clients are always on the most suitable plans available.

If you do not already have a broker to do this for you, you should investigate this and appoint a broker as soon as possible.

Click Here for the British Insurance Brokers Association website