Life insurance is a financial cushion that will look after your loved ones when you are no longer around & is designed to provide a financial safety net.
Your loved ones can use the money however they like, but often it helps to pay off an outstanding mortgage or cover rent, household bills and living costs. We call it protection, it’s a cushion in case life suddenly throws a curveball your way.
The different types of life insurance:
Do I need life insurance?
If you’re young, rent and don’t have kids, it might be better to consider income protection insurance or critical illness cover, to cover yourself should you get sick and / or can’t work.
If you have loved ones you want to protect when you’re no longer around, then have a think about life insurance. Here’s a few key questions to ask yourself:
Not everyone needs life insurance, so it’s worth having a chat with one of our expert advisers. Let’s talk through your personal circumstances and work out what you need.
How much does life insurance cost?
The cost of life insurance will depend on many different factors:
What is the right amount of life cover?
Everybody's needs & circumstances are different. To figure out the right amount of cover for you, speak to an advisor who will be happy to help.
Things to consider when thinking about the right level of cover for you & your family: