Written by: Andy Walton - Proposition Director - Protection
Life insurance is an important part of planning for the future. Having the right cover makes sure your loved ones are protected and cared for, even if you’re not around to do it.
While it seems like a good idea on the surface, you may be left wondering why exactly life insurance cover is important and what it can do for you? Here’s our top 5 reasons to get life insurance.
1. Protect your family’s future
According to Forbes Advisor, 38% of people1 who took out a life insurance policy in 2023 did so because of general caution, not because they expected something bad to happen to them. The reality is, the chances are higher than anyone would like.
The NHS states that 1 in 2 people2 will develop some form of cancer in their lifetime, highlighting the need for financial protection should the worst happen. The reality is that we can’t always avoid the hard things in life, so it’s best to be prepared and help protect your family’s future. Having the appropriate life insurance is a great way to ensure this.
2. Say goodbye to sleepless nights
Having life insurance cover in place can help remove some of the worries keeping you up at night. Of course, we’re not all going to bed thinking about insurance, but you may be thinking about what your family would do if you weren’t around.
If you find life’s uncertainties playing on your mind, it’s worth speaking to a protection adviser about how to secure your family’s financial future. Your body will thank you for those extra hours of restful sleep!
3. Secure your children’s future
One of the most important benefits of life insurance is the ability to secure your children’s future, especially when it comes to their education. By having life insurance in place, you can make sure that your children will have access to the necessary funds to pursue their academic and career goals, even if you’re no longer around to provide for them.
4. Leave a legacy
Life insurance makes it easier to leave a legacy behind for your loved ones, ensuring that you can provide for them even after you’re gone. Whether it’s leaving an inheritance, helping them pay off debts, or providing financial support for day-to-day life, life insurance is an important part of the legacy you leave behind.
5. Peace of mind (priceless, but affordable)
Of all the important reasons to get life insurance, perhaps the most valuable is the peace of mind it provides. While the cost of life insurance can vary based on age, health, and coverage amount, the peace of mind knowing that your loved ones will be taken care of is priceless. More importantly, life insurance is more affordable than many people realise, making it accessible to people from all walks of life.
Need more reasons to get life insurance?
Life insurance is an essential tool if you’re looking to build a financially stable future for you and your loved ones. Speak to one of your expert protection advisers to get a quote that suits your needs, lifestyle, and budget.
Talk to us today and take the step to protect your family’s financial future.
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