You may be an eternal optimist. But no matter your outlook, things will inevitably occur that take the wind out of your sails. Being prepared while using Life Insurance doesn’t mean changing your optimistic nature. It only means that you care for your future and your family’s future.
Apparently, there is nothing that cannot happen today
Mark Twain
What is Life Insurance
By taking out risk insurance, you are simply asking a company with years of experience to take the lead when unexpected things happen. You provide a safety net that helps you and your family get back up when life knocks you down.
Most insurance companies offer you and your family the necessary financial help. That enables you to deal with unexpected life-changing events.
Life insurance or life cover ensures that your family or dependents are financially secure in the event of a death or disability. Things to consider when investing in life insurance policies:
- How much life cover do I need?
- How and when will my policy be paid out?
- Are there options for having readily available cash while my estate is wound up?
Why do you need Life Insurance
If you were to die, would your family be able to cope financially?
Would they be able to pay any debt and have an income? Could your children still go to school and university? Will your family have a place to stay and food on the table? Or will you be able to provide for your family or maintain your lifestyle if you become critically ill or disabled?
These are essential questions because even though these are topics we don’t like discussing, they can affect us when we least expect them.
Life Cover can help you leave a legacy after your death. Or help you cope with the financial burdens associated with becoming critically ill or disabled.
Financial Advisors
Some Financial Advisors are employed or “contracted” by a specific insurance company and can only give you information on their products.
Then some independent financial advisors can compare and recommend different companies and products.
Always speak to a registered Financial Advisor about financial products or investments.
This blog was brought to you by Ursula Gouws.
This blog is for information purposes only and does not constitute legal or financial advice.
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