Having Life Insurance in place doesn’t reduce the odds of something happening to you but it can make life a lot easier for you and your family if the worst were to happen. Most of us would like to think that when our lives come to an end, we’ll be old, our loved ones will be financially secure and our financial responsibilities will be taken care of. Sadly this isn’t always the reality.
Life Insurance Advice you can depend on
What is life and protection insurance?
Life and protection insurance policies are designed to protect you and your family from the financial consequences of death, a serious accident or illness, or unemployment.
Most of us wouldn’t think twice about insuring our home, car, TV or smart phone – the material things we see and use every day. We even make sure our pets and holidays are covered. So why don’t we feel the same about protecting our families?
Perhaps it’s because we assume that when our lives come to an end, we’ll be old, our loved ones will be financially secure and our financial responsibilities will have been taken care of.
Sadly, this situation isn’t always the reality. And, even if we do live a long and happy life, we may at some point suffer an illness or accident that prevents us from working, or makes us a victim of unemployment.
It’s therefore sensible to consider how best you’d protect your finances – and those of your family – if the unexpected were to happen.
When things go wrong
Without a life insurance policy, your loved ones could struggle to pay the bills or maintain their standard of living. Life cover is not simple and there are big differences between the types of cover and the size of the premiums. It’s important to understand the different types of cover available which our advisers can help with.
Look beyond the price
It may be tempting simply to opt for the cheapest policy available. But it is important to bear in mind that whilst many products may look the same, there can be important differences between them that can be difficult to spot. This is particularly important with serious and critical illness cover, and income protection insurance, where the cover available from different providers varies more significantly Care should be taken to select a policy that is most suitable for your particular needs.
We can help you make the right selection.
Life Insurance checklist
- Could your family cope financially if either you or your spouse/partner died?
- How much income would you have if you were taken seriously ill and couldn’t work?
- How your lifestyle may change if you had an accident and couldn’t do the things you do today?
- We don’t like to think about it but even if you’re not around to grow with your family taking out life insurance could ensure they keep the home they’ve grown up in
Find out what life may have in store for you with a 60 second risk check. We all hear news of a friend or a relative who is off work for a few months, or has been diagnosed with a serious illness, or has unexpectedly died.