We’d all like to think that our loved ones are properly protected for the future. Do you have life cover? If you have people around you who depend on you financially, you should really think about taking out a protection policy. After all, no-one would want to leave those they love dealing with money worries as well as coping with grief if they weren’t able to provide for them.
Taking important steps like arranging a proper protection plan alongside your mortgage will give valuable peace of mind that, if anything were to happen, there would be a pay-out from a policy to pay off the outstanding balance of the loan. Thinking about how you and your family would manage in the event of a serious illness, injury, unemployment or death may not be very cheerful, but it can help you plan appropriately. The great thing about protection policies is that they can be tailored to meet a variety of needs and time horizons. Choosing the appropriate policy, or combination of policies, to provide the right level and type of protection needn’t be a daunting task. We will be able to help you assess your needs and recommend the best and most cost-effective plan for your specific circumstances.
Reviewing your existing cover
If you have a protection plan in place but haven’t looked at it in a while, this could be a good time for a review. This can be especially important if you’ve had additions to your family, taken out a bigger mortgage, or have a new job or a change of lifestyle.
🚨 Data accurate as of the date of publication – 30.01.2019.
🚨 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: Intrinsic Quarterly Magazine Q1 2019 ISSUE 11 “Are you and your family properly protected in 2019?”