Why Should I Have a Life Insurance?
We don’t like to contemplate after we have gone, but if you have life insurance it could reassure and comfort you and your family in this situation. We all, some time in our lives, contemplate the times when we are gone and the people left behind when this happens. You may be leaving your next of kin or dependents outstanding amounts of loans or expenses like mortgage payments, childcare costs, or even a funeral. Even if you have managed everything during your lifetime you may want to leave your loved ones a legacy. This is where life insurance comes to mind.
How Can My Life Insurance Benefit My Loved Ones?
We can list the main reasons why people buy Life Insurance below:
- Funeral Costs: In 2020 funeral planning costs around 4000£ in the UK. This is a heavy burden to pass onto your spouse or children. Life insurance could save you and them from this expense easily.
- Getting Married: If you’ve recently become married and are joining two families into one, it can be a relief for you to know that you are both covered if something serious happens to one of you. Life insurance makes sure that financial contributions to your partner’s wellness after you’ve gone are made.
- Mortgage Payments: If you die before your mortgage is repaid, someone you love has to take over your debt. Life Insurance could ensure that your loved ones will not be burdened with these types of commitments.
- Having a Baby: If you recently had a baby and want to make sure that he/she will get what is needed no matter what, then having life insurance could provide you with that.
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!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00