Why is Life Insurance so Important to YOU and YOUR family
At Financial Foresight, we understand that not all families, or people are the same. Everyone has their own priorities, savings and lifestyles. We do, however know that some sort of life insurance cover is required to anyone who wants to secure their future and ensure everything you have worked for is taken off you if you fall ill, or worse die!
We have outline some of the response we hear from our clients, see points one to five, on why you should get in touch with us, as soon as possible to discuss your life insurance arrangements;
1. Life Insurance is essential, if you have a family, old or young
Without it, they would GO HUNGRY. Ok, maybe not starve, but their lifestyle would change drastically if you weren’t around to continue being the “bread winner”.
If YOU! do something stupid like DIE, they would have to survive without your income. But your family will avoid the breadline if you buy life insurance. It only costs a few pounds each month, and yet it’s the best thing you could ever buy.
Life insurance will pay off your debts . . . on your death.
When you die, any debts you have must be repaid from your estate before your family will receive anything. This is the case even if you have made a will.
Life insurance will help clear those debts making things a lot easier for your grieving family.
2. I don’t need protection, I am only renting.
Many people who rent their property, may feel like life insurance doesn’t apply to them, because they “ don’t have a mortgage”. This is a common excuse for not having life insurance. But, you need to remember how is your family going to the rent of the house, if the worst happens to you?
Right now, put yourself in the situation, and ask yourself could your partner afford to rent your lovely house or will they have to move to afford the monthly rent?
Life insurance could leave a tax free lump sum of money so your loved once can have the option to buy their own home or at least pay the rent.
3. I have a Job, I don’t need cover
What if you were unable to work long term? Could you comfortably live on £92.05 per week [2018] State illness benefit). A basic Income Protection plan will pay you 75% of your current income so you can continue living your current lifestyle, or as close as possible to it, if you ever fall sick and are unable to work
Without it, could you life happily on £92.05 per week. In short, the main reason life insurance is to give you PEACE OF MIND.
Why not call into our Ballyclare Office today and speak to one of our expert Independent Financial Advisers.
If you’ve decided that you do need life insurance but haven’t a clue where to start, we’d love to help you sleep easy knowing what ever life throws at you, you and your loved ones will be ok financially.
So why not give us a call today on 028 9332 2822,
Source: https://lion.ie/life-insurance/why-life-insurance/
Source: https://www.gov.uk/statutory-sick-pay