Life insurance is about protecting those that are dependent upon us financially. Life Insurance relates to a contract between the policy holder and the insurer where the insurer will promise to pay a particular sum of money to a designated beneficiary upon the event of the death of the insured person. Depending on the type of insurance contract, other events such as terminal illness or critical illness may also trigger payment. Critical illness and life insurance may, therefore, be combined with one another.
If you have financial dependents then you should consider, very carefully, whether you are adequately insured should you die prematurely. If your children have yet to enter higher education, how able will your family be to support the children during their higher education studies? Other costs may be manageable but the increasingly high costs involved with higher education may not. Ensure that you have the necessary protection in place.
Contact us today to see how very cost effective it is to put effective safe guards in place to provide for your family should the worst happen