👉 Recco is a legal term that refers to a type of insurance policy designed to provide financial protection against losses that may occur during an individual's lifetime. The purpose of this type of policy is to cover a person's debts, income loss, and other expenses if they are unable to work due to illness or disability. Reccos are typically issued by insurers who have been approved by the Financial Services Authority (FSA) in the UK for issuing recco policies. These policies offer financial protection against