The first astronauts to travel to the moon had a problem. No life insurers would cover a team about to embark on a potentially lethal mission.
Then, the crew had an idea. They autographed a number of postal envelopes, rightly assuming these would soar in value if they died and leave enough money to take care of their families.
It’s a bit simpler nowadays… Whilst the Apollo 11 crew’s unconventional approach is admirable, fortunately, it’s much easier for the average person to obtain life insurance these days. Even if you’re not embarking on a dangerous mission, it’s still important to have cover.
Once in a blue moon? Although it’s difficult to think about, it’s best to be prepared for various scenarios, such as illness or death. Although not cheery topics, they should be planned for. If you know your family would struggle to pay the bills without your income, then life insurance is essential and will give you valuable peace of mind.
🚨 Data accurate as of the date of publication – 28.02.2020.
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
Source: Quilter Financial Planning – Essentially Mortgages Q1 2020
