Life Cover
Life insurance is one of the most important financial tools for an individual that offers many benefits.
Requirement for life insurance will vary depending on individual circumstances.
One should have life insurance if they have dependents to consider.
It helps provide your loved ones with financial security.
It can be a valuable tool for protecting loved ones from financial difficulties once pass away.
This means your beneficiaries could use the money to help cover essential expenses.
This includes paying a mortgage or college tuition for your children. It can also be use paying off debt, such as credit card bills or any outstanding loan.
Although, many people in general greatly overestimate the cost of insurance.
Age recommendation to get life insurance is before you reach your mid 30’s. Monthly premiums usually start rising after that. But once you take out a plan, premiums are fix and cost will not change.
Helps plan a retirement and serves as a saving kit.
Provides protection for your family with certainty.
Offers peace of mind to family to have protection in all events.
Flexibility
Tax benefits can be used offsetting inheritance tax.
Helps cover final expenses paying off house or any leftover expenses.
It can be customized as per your needs. We can make it affordable but substantial.
The importance of life cover
Protecting yourself and your family is just as important as saving and accumulating wealth.
This is one of the core areas of financial planning that is often overlooked.
We say to many clients that this could be the best thing you pay for but hopefully never needed.
Life Cover two main types:
This is when you are cover, and you cancel the policy when you do not need it anymore.
This policy holds value at the end and is link to investments, therefore, you would get something back.
Book your meeting today with our specialist advisors.