Protection
The aim of life assurance cover is to provide money for people who financially depend on you.
If there is no one who will be financially distressed by your death, life assurance is probably not essential, though there are other reasons why it would be useful.
The need for protection may be simply to cover a mortgage or other financial commitment, or you may wish to ensure that you family will be financially sound should the worst happen to you.
Two simple questions:
"if you were in a fatal traffic accident tomorrow, would anyone else be left in the financial mire?"
"if you had to stop working for serious health reasons - due to cancer, heart attack, stroke etc, how long would your savings last? How long could you pay the mortgage or rent?"
If the answer is "yes" to the first or "less than a couple of years" to the second, then we should discuss your insurance needs, in order to ensure that you and your dependents needs are properly catered for.
If there is no one who will be financially distressed by your death, life assurance is probably not essential, though there are other reasons why it would be useful.
The need for protection may be simply to cover a mortgage or other financial commitment, or you may wish to ensure that you family will be financially sound should the worst happen to you.
Two simple questions:
"if you were in a fatal traffic accident tomorrow, would anyone else be left in the financial mire?"
"if you had to stop working for serious health reasons - due to cancer, heart attack, stroke etc, how long would your savings last? How long could you pay the mortgage or rent?"
If the answer is "yes" to the first or "less than a couple of years" to the second, then we should discuss your insurance needs, in order to ensure that you and your dependents needs are properly catered for.
