For many of us, projecting ourselves into the future to see what‘s around the next bend is not an easy thing to do. However, without thinking, we insure our cars, homes and even our mobile phones – so it goes without saying that you should also be insured for your full replacement value to ensure that your loved ones and business are financially catered for in the event of your unexpected death.
Making sure that you have the correct type and level of life insurance in place will help you to financially protect them. Life insurance provides a safety net. Ultimately, it offers reassurance that your family and business would be protected financially should the worst happen. We never know what life has in store for us so it’s important to get the right life insurance policy. A good place to start is asking yourself three questions:
- What do I need to protect?
- How much cover do I need?
- How long will I need the cover for?