Why do I need life insurance?
Life insurance may be one of the most important purchases you make. The knowledge that comprehensive life insurance is in place will provide peace of mind for you and your loved ones. In the event of your death or diagnosed critical illness, your family or dependant’s future is protected by a life insurance lump sum or series of smaller payments. This supports your family with a source of income for financial requirements such as mortgage; your children’s education or even a family business.
How much life insurance do I need?
This will depend upon your personal circumstances; the question you need to ask is how much will your family need to live from in the event of your death or critical illness? Life insurance can pay immediate expenses, such as medical or funeral costs, outstanding debts and mortgage balances. Take into account your current and future financial obligations plus current resources such as earnings, savings and investments.
How long do I need life insurance cover?
Again, this will depend on your personal circumstances. You may wish to consider how long your savings will provide for you and your family and how long the dependants will be reliant on the life insurance before being able to take care of themselves financially.
How much does life insurance cost?
There are many factors to take into consideration:-
- How much cover would you like?
- How long do you want the cover?
- Your age
- Your occupation
- Your current health
- Your medical history
- Your smoking habits
- One Simple Form. Why Delay, Get Peace Of Mind Today.