Life insurance is there to protect your family financially if something happens to you. Every family is different, but the one thing that unites us all is the desire to do the best for the people who we love.
Life however can be unpredictable. It’s difficult to consider, but your loved ones could encounter a very different life to the one you plan for them if you pass away or are diagnosed with a terminal illness. If you have children, a mortgage and other debts, how would your family cope without your support?
Life Insurance plans provide a tax-free lump sum payment to help give your family financial security in the event of your death. It can make life’s great opportunities still possible for your partner and children: travel, education, and a comfortable quality of life.
Life insurance can help with the future costs your family may face if you pass away or are diagnosed with a terminal illness. These costs could include:
- Credit card debt
- Property maintenance
- Household bills and everyday living costs
- Education expenses
Mortgage Protection is a form of life insurance that ensures your mortgage will be paid off in cases of death or illness. The cost depends on your age, health, the mortgage amount and loan term and whether you need single, joint or dual cover or a policy which includes a conversion option.