Let’s talk about life insurance
Let’s talk about life insurance, something I had never thought about before I had MiniMe. All of a sudden you are sat with a hundred questions at the ready, mainly starting with “who/what/how?”
Who would pay for my funeral?
What if I died tomorrow?
What would happen to my house?
What would happen to my bills?
How would my children afford it?
Would they be forced to sell our family home?
I had heard a few things about life insurance and why you should have it, but becoming a parent made it very real- not only was I responsible for myself but for another tiny human being and I needed to start making sure we were protected.
So what does life insurance do?
Life insurance is a way to provide for your family once you’re gone.
It can ensure your mortgage is paid off, your bills are paid and your funeral is covered, leaving your loved ones with no financial worries.
Life insurance is designed to pay out when you die, so you can rest assured and have peace of mind that your loved ones will have financial stability when you’re gone.
Is it one size fits all?
No, my research shows there are multiple options of different policies depending on your individual needs- meaning you don’t pay for a product you don’t need.
Is it really expensive?
No, I found policies that start for as little as £5 per month, you can also change the amount covered depending on your circumstances.
What’s the difference between life insurance and critical care cover?
Critical illness cover is designed to pay out when you’re diagnosed with a life-changing illness which is specified by the cover provider. Not all illnesses are covered so you’ll need to be aware of what illnesses do result in a pay out and which don’t.
Why should you take out life insurance?
Without life insurance your loved ones could be left in financial hardship, who would pay your mortgage and bills? Who would pay for your funeral? Did you know the average cost of a burial is £5000?
It provides peace of mind that your children are going to be financially looked after, if something happens to you.
What should you do next?
It’s not always easy figuring out how much cover you need and how long you’ll need it for – that’s why the team of dedicated brokers at protect line get to know you and your personal circumstances before presenting you with the facts. They are a non-advisory service so they only provide you with the facts, not their opinions. You can get a quote online today
Posted by: Sarah Dixon | Posted on: December 14, 2020 | Posted in: MAMA