• Rachael Panteney

Don’t cancel...Without speaking to me first.

With clients seeing income changes during the current crisis, either being reduced or being halted completely, I am being asked

“Can I cancel my life or critical illness insurance?”

The answer is “Of course, but before you do lets…..”

Speak to your existing insurer about a payment break.

See if we can tweak your cover in any way to reduce your payments.

Cancelling your policy for now, with the intention of taking a new one later may seem like a simple way to save some cash, but the impact of cancelling outright could be disastrous.

What if the worst happens whilst you don’t have cover?

The current policy may offer good value compared to a new policy – after all you are older now than when you took the policy out and this affects the pricing.

Has your health changed since you took the old policy? What if it changes between now and when you want to start a new policy? This could also have an impact on the new premium.

So before you take any action you can’t undo, let's explore all the available options first.

Get in touch – we are here to help.

Rachael Panteney

Financial Adviser

Willow Tree Financial Services

01323 436680


Willow Tree Financial Services.

A6 Chaucer Business Park,

Dittons Road, Polegate.

East Sussex, UK.

BN26 6QH

01323 436680


The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested. Your home may be repossessed if you do not keep up repayments on your mortgage. 

The Financial Conduct Authority does not regulate Will Writing & Estate Planning.

Willow Tree Financial Services is a trading style of Rachael Panteney, an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority.

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