Patricia had eight policies across five insurers. Two were whole life plans bought in her twenties. One was an investment-linked policy from the early 2000s that had been significantly underperforming. Two were term plans she had forgotten she owned. One was a critical illness plan with a definition so narrow it would rarely trigger. Two were shield plans, one of which was redundant because it duplicated her husband's rider coverage.
What we didWe did a full policy audit, summarising every plan in plain language: what it covered, what it paid, what it cost, and whether it still made sense. We identified significant gaps in her critical illness coverage at her age and significant overlap in her hospital coverage. We did not recommend replacing everything. We recommended stopping two premiums immediately and restructuring one.
Where she is nowPatricia reduced her total monthly premiums while increasing her effective coverage. More importantly, she can now explain what she owns to her husband, which she says she should have been able to do years ago.
Having many policies is not the same as being well covered. Sometimes it is the opposite.
Your situation
If you have not looked at your coverage properly in a few years, it might be worth a fresh set of eyes.
Worth a conversation