“If I had my way, I would write the word ‘insure’ upon the door of every cottage and upon the blotting book of every business man, because I am convinced, for sacrifices so small, families and estates can be protected against catastrophes which would otherwise smash them up forever.”
Winston Churchill 1954
Most of us are probably aware that there are policies available that provide life insurance, protect us in the event of a critical illness, or pay out if we had an accident and were unable to work. However, with so many different types of policy available in the market place it can be hard to know which one is right for your circumstances and offers the best value for money. However, putting off the decision to take out cover could jeopardise your family’s financial future should the worst happen.
Whilst arranging life insurance may not be at the top of many people’s ‘to do’ list, it has a lot to commend it. It’s arguably it’s one of the most important financial products anyone can take out, and one of the best ways to prepare for the worst-case scenario, leaving loved ones provided for financially.
So it’s worth bearing these points in mind:
The earlier you buy cover the cheaper it will be
The younger and healthier you are, the lower your premiums are likely to be. As you get older you’ll be seen as a higher risk to insurers. Acting sooner rather than later means you’ll be able to lock in a lower premium for the duration of the cover.
Premiums are cheaper than you might think
It is a common misconception that cover is expensive; many people are surprised to learn that life insurance costs less than they’d thought. The cost of premiums has fallen considerably over the past few years. After all, it’s a small price to pay when you consider that having no insurance would cost you and your family considerably more, and could mean real financial hardship.
It protects your family’s lifestyle
Life cover represents more than just a lump sum payable on death. It’s about providing the life that you’d want your family to have, protecting their home, paying off debts, seeing your children cared for and educated, and above all freeing them from financial anxiety.
We can tailor your cover to your needs
Life insurance isn’t a case of ‘one size fits all’. Your Insurance needs will change throughout your life, for instance when you buy a property, have a family, change jobs, or take on more debt. It’s often at times like these that it’s worthwhile considering combining life cover with protection against accidents, critical illness and unemployment too.
How much cover do I need?
The amount will vary according to your lifestyle and your circumstances. You may want to protect your mortgage, cover household bills, or provide a lump sum so that your children get a good education. Protection policies can be tailored to your needs, and we can help you assess how much is right for you and your family circumstances.
POLICIES WITH NO INVESTMENT LINK WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF YOU STOP PAYING PREMIUMS YOUR COVER MAY END.
A CRITICAL ILLNESS POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT