Life Assurance With Critical Illness – Sound Advice on Life Insurance
For many people the subject of life insurance is a topic they would rather not think about, let alone discuss, because at the end of the day life insurance is designed to provide financial security for your dependants in the event of your death – and our own mortality is not something that any of us particularly choose to dwell on.
What Happens If I Die Without Life Insurance?
If you have no life cover in place the financial implications for your dependants can be very serious. Just pause for a moment and think – without you could your family continue to pay for the following essentials;
- Monthly mortgage or rental payments.
- Outstanding debts or loans.
- Monthly household bills such as gas, water, electric.
- Owning and running a vehicle – petrol, road tax, car tax, car repairs etc.
- Monthly food bills.
- Your children’s future education - the list goes on….
Our advice is that if you have dependants, of if you may have dependants at some point in the future, then life insurance is a must. It offers both you and your loved ones peace of mind in that in the event of your death a lump sum will be left to them.
Which Kind of Insurance Policy Best Suits Your Needs?
Life Assurance with Critical Illness is here to offer you sound life insurance advice not only on the many different types of policies that are available; from “Term Life Insurance” to “Whole of Life Assurance Policies”, but we also provide sound guidance on how to ensure that you choose the right type of policy to match your needs.
Life Insurance and Life Assurance – What Is The Difference?
Over the years the line between “Life Insurance”and “Life Assurance”has become somewhat blurred, with even life insurance companies often using both terms on an almost interchangeable basis. However there are subtle but very important differences between the two types of policy – our section on “Insurance vs Assurance” explains these differences in a very clear cut and simple manner.
Is Life Insurance For Everyone?
If you have, or plan to have dependents then the answer is an emphatic yes – however if you are single with no plans to have any dependants then perhaps there are other types of policy, such as “Critical Illness Insurance”, which are better suited to your needs. We have sections that explain in detail just what “Critical Illness Insurance” is and factors that you should take into consideration when taking out such a policy.
Life Insurance Companies
With so many life insurance companies and so many policies to choose from we provide clear advice on how to choose the best insurance provider together with a list of “Insurance Dos and Don’ts” to ensure that you find a policy that best meets your needs, priorities and financial budget.