Life doesn’t always go to plan. Every day you face a wide range of risks to your personal wellbeing and lifestyle. You may think it will never happen to you, yet some of us will die unexpectedly, leaving family and loved ones behind.
Having or not having a life insurance cover is a common question raised by family managers at some point. Having life insurance may not be a priority, but it can be a great ally in case of some unplanned eventuality, it can make a difference in the future of your family in case of an unexpected event.
Have debts which you would like paid on your death
Want to protect your mortgage and free your relatives from liability
Have relatives depending on you economically
Want to create a capital lump sum that your family can draw upon to meet their needs
Need to guarantee your kid’s tuition
Are worried about suffering a serious illness and you want your relatives not to have to cover the expenses