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  1. As an Advisor I am aware that most people don't enjoy talking about Life Insurance. Have you avoided talking to an Advisor in the past, told someone you don't need it? In this post I am going to talk about when you might need it.

    Firstly, alot of us think we are invincible, that nothing will happen to us. People say things such as 'I don't need Life Insurance, I am young and healthy'.

    The truth is that sadly anything can happen and working in my industry I hear real stories of people who have had Life Insurance and have provided for loved ones and others where they haven't had any cover and have left their family with nothing. I have seen fundraising pages for families because they couldn't pay for a funeral and have been left in a financial mess.

    When might you need Life Insurance?

    - If you are single with no kids but you want to leave money to pay for a funeral, to pay back money borrowed from a family member or to say thank you for support they have given you.

    - If you are a Single Parent and want to ensure that guardians will have money to take care of your child or leave money for your child if they are over the age of 18. This might be to help them buy their first car or house.

    - If you are in a relationship/married with no children it is likely you want to ensure that your partner/spouse can pay off a mortgage or other debts or perhaps to replace lost income for a number of years.

    - If you are in a relationship/married with children you will want to ensure that your family will have financial security, to pay off a mortgage/debts, provide a replacement income and perhaps to leave an additional lump sum for children when they are over 18. There are many options.

    Taking out Life Insurance whilst young and healthy is more affordable and more options are available. Life Insurance itself is affordable, simple and provides funds in the event of terminal illness or death. 

    So you see, Life Insurance isn't a one size fits all but it can be beneficial for many reasons.

    Look out for more blog posts on costs, types and benefits of Life Insurance.

    Call/e-mail me today to find out more.