Life insurance provides cover in the event of death and terminal illness. By having life insurance in place you can ensure your family will be ﬁnancially secure, should the worst happen.
If you have loved ones who are ﬁnancially dependent upon you, or you have a mortgage, putting in place life insurance can support loved ones, if you were no longer around to do so.
But how much life insurance do you need? What type of policy should you choose? And what can you do to make sure your loved ones have enough financial support to continue after you are gone?
If you have a mortgage, you might want to take out life insurance. Then, if you die before your policy ends, the lump sum can be used to help pay off the outstanding mortgage balance, so your family can stay in their home. Some lenders may ask you to take out life insurance as part of their mortgage offer.
Speak to an experienced and trusted adviser today, who can answer any questions you may have about life insurance.