What is a potential consequence of purchasing protection without receiving advice?

Purchasing protection without receiving advice can lead to lower persistency rates. Persistency rates refer to the proportion of policies that remain in force over time, indicating the likelihood that policyholders will continue their coverage. When individuals make decisions without proper guidance, they may select products that do not align with their needs or financial situation. This mismatch often results in policyholders feeling dissatisfied or underinsured, leading them to surrender or discontinue their policies.

In contrast, obtaining professional advice can help ensure that the selected insurance products are suitable, thus fostering a higher likelihood of policy continuation. The other options, while they may seem appealing, do not accurately reflect the implications of purchasing without advice. Higher persistency rates, increased coverage levels, and more affordable premiums often result from the informed decision-making that professional guidance offers.