What if....
We don’t always like to talk about the ‘what if’s but Life Insurance is an important part of life. The main purpose of Life Insurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.
It can provide the reassurance of financial protection for you, your family and your business associates.
A Life Insurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.
Even if there are no dependants who may be financially affected by your death, some Life Insurance policies could go towards covering funeral costs.
Life Insurance and Critical Illness pays out at a time when it is needed most. Critical illness protection could simply be used to ease financial burden giving you the breathing space to recover
Because of the many options and flexibility, Life Insurance can be a powerful instrument in your financial planning toolkit