It's not a nice thought, but it's important to consider what would happen if your family's main income earner passed away, suffered a critical illness or was permanently unable to work due to sickness or injury. Life Insurance or Life Cover gives you the peace of mind of a secure financial future for your family. Most of us understand why we need car and house insurance. It keeps us financially protected when something goes wrong. Life Cover is just as important if not more important.
Life Insurance Cover helps to protect the life insured's family by providing a lump sum in the event of death, which could be used to meet needs such as:
- Mortgage and other loan repayments
- Enabling the life insured's business to keep running
- Meeting the family's ongoing income needs
- Children's education costs
If you were to add up the cost of all the things your partner or family would need to maintain their lifestyle if you weren't around, how much would it be? Chances are this sum will be far greater than you think and could be more than any life insurance cover you have. Whether you leave behind a large debt or future security can make the world of difference to them. It's comforting to know that they will be taken care of and able to maintain their standard of living.
We have seen what happens to families when the main income provider is not there to provide financial support. Life insurance Cover can help to give them years of financial security because, when you die, it pays them out to help them survive when you are no longer with them.
Your Life Cover is your family’s lifeline, providing financial security if there is a loss of the main household income.
