It’s never nice to think about a time when we’re no longer here, but failing to plan for the event of an untimely death can leave loved ones financially devastated.
Don’t leave it to chance – be prepared.
One of the most common reasons that people invest in life insurance is to guard against financial insolvency. For instance, should a homeowner pass away before the full mortgage amount has been paid back, life cover guards their family against financial solvency, with the insurance paying off the remaining debt.
However, life insurance is not exclusive to just mortgage protection: cover can be taken out for a number of reasons – to protect your spouse in the event of a sudden loss of income, to reduce the burden of day-to-day living on your family after your death, or even to ensure that your child’s university fees are taken care of in your absence.
