12.04.2022

Do I need life insurance?

Do I need life insurance?

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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.

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

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.…

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