12.04.2022

Do I need life insurance?

Do I need life insurance?

twitter icon

Not everyone has a life insurance policy, it will depend on your personal situation. If you have loved ones depending on your income to cover everyday bills and future finances, you may want to think about getting life insurance.

 You might want to consider life insurance if you have:

  • Dependants who are under the age of 18
  • a partner or spouse who relies on your income
  • a home with a mortgage or monthly rent bills

Sometime the inevitable happens and you could be diagnosed with the below:

  • Heart attack
  • Cancer
  • Kidney failure
  • Multiple sclerosis
  • Alzheimer’s disease or other degenerative brain disorder
  • Parkinson’s disease
  • Coma
  • Third-degree burns covering at least 20% of the surface area of the body
  • Terminal illness
  • Full-blown AIDS

That’s not all, Coronavirus is having a devasting impact on how heart and circulatory disease and their risk factors affect Covid-19.

In the UK there are more than 100,000 hospital admissions each year due to heart attacks: that's one every five minutes. If you were to pass away due to a heart attack your life insurance policy would pay out. Most life insurance policies also have the option to pay out on diagnosis of a terminal illness.

  • Protecting your family
  • covid-19
  • Life Assurance
  • payout

I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…

Follow us for more articles and posts direct from professionals on      
IFA, ISA's, Tax Planning, Tax free growth

⏳ ISA Deadline – Use It or Lose It ⏳

The end of the tax year is almost here, which means the ISA allowance resets on 6 April 2026. For the 2025/26 tax…
Tax Planning, Dividend tax, Business Owners

🚨 UK Tax Changes Coming After 6 April 2026 – Are You...

🚨 UK Tax Changes Coming After 6 April 2026 – Are You Prepared? The new tax year isn’t just another reset, 2026/27…
Trust, Estate planning, Whole of life policies

Protection in Estate Planning: Act Now or Regret Later

When it comes to estate planning, most people focus on investments and property and “what they’ll leave behind.” But…

More Articles

Drawdown, Whole of market, Annuity purchase

⛔ Planning for Later Life – Annuity Vs Drawdown ⛔

Reaching retirement is an exciting milestone but it also means deciding how to turn your pension into income that…
Estate planning, Financial Planning

🛡️ Life insurance can be a simple - Effective way to...

When written in trust, the payout goes directly to your beneficiaries, bypassing your estate and probate delays. Here’s…
Gold, Financial Advice, Wealth Management

💰 Gold is booming… but should you rush to invest? 💰

It’s easy to get swept up in the headlines “Gold hits record highs!” 💥 “Bitcoin surges again!” 📈But here’s the truth,…

Would you like to promote an article ?

Post articles and opinions on London Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.