Life Insurance along with Work benefits

Some employers provide life insurance policy as part of work benefits. While these policies are free, you need to be careful when taking such offers. You should focus on buying your coverage. This is because, in most cases:

  • Policies offered by employers are limited in terms of the amount of coverage as well as the term.
  • Besides, you will lose these policies when you lose your job.
  • Finding yourself in such situations means putting your family in high financial risk.

Why you need an additional cover

Suppose your employer offers life insurance as part of your work benefits, go for it. But you need another cover in place. Can you imagine becoming too sick to work, do you have enough savings to take you through the unknown period? How will your family survive financially?

What if your savings are very limited too? Your family depends on you so that is why income protection policy will help. It will provide you with an additional policy. This means that if you become too sick to work, your employer will pay you for the first 6 months of illness. This will protect your family against the financial impacts of losing free employment cover given to you as a work benefit.

Why get critical illness cover?

When you become too sick to work, critical illness cover could help too. It will provide an additional cover to your policy. The moment you become very sick, you don’t know how long the sickness could last and you also have a family who needs your financial support. If you don’t plan well, you are putting them at risk of suffering financially when they can’t depend on your income to satisfy their economic needs.

We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
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