Do you need Life Insurance?

Life Insurance

Who needs life insurance?

If you have a partner, children or other relatives that will depend on your income to cover the mortgage or other expenses, then the answer is definitely a ‘Yes’ – you probably do want Life Insurance, as this will provide for your family in the untimely event of your death.

Who needs life insurance the least?

Possibly if you are a single person with no dependents, you probably don’t need life insurance. At least, not yet, of course depending on your age and financial circumstances. Financial brokers would recommend life insurance especially for anybody who has to financially support either a spouse, family or others.

What’s the best age to get life assurance or life insurance?

The best age for life assurance is really between your 20’s or 30’s as you get better rates. As the insurance company is taking a lesser risk when insuring a young person in good health. High cover cases are more affordable the younger you are, and also there is always a reason for Life cover.

Who might a dependant be?

A dependant could be anyone who is financially dependent on you, such as a spouse/partner,  sibling or aging person.

Where do I find out more?

A Financial Broker is very useful when deciding if you need Life Insurance. They will ask you questions that will help inform your decisions, this will help you to consider what you want to protect and also the type of cover that might suit your needs and affordability.

How many cover do I need?

The amount of life cover you need is as individual as you are. If you have a young family, you will require more life cover than if your children are older because the benefits will have to last longer. Before taking out life insurance, its always good to speak to a qualified financial advisor who will do a full financial review with you.

What Next?

If you are thinking about financial security, protecting your future and your families future give Audrey a call. Audrey is our Life and income protectin champion. She will help answer your questions and advise you an all options that are available to you. You can Get in touch with Audrey by scheduling a callback at a time that suits you. Alternatively, if you are in a hurry get a Quick Quote now.