It’s easy to think about insuring your home, your car – and your pets. But what about life insurance?
Your mortgage may be your biggest financial commitment – but is that your only need for life insurance protection?
Have you considered:
- Could my family pay the mortgage/rent and bills if I die?
- Can we make ends meet if I’m not able to work for two months or more?
- If I were diagnosed with a cancer, would I be able to stop working if I needed to?
If you answered no to any of the above, then you could be at risk.
It’s likely that the last time you talked about life insurance was with your mortgage broker when you purchased a new home or re-mortgaged. Or maybe your employer offers you a death in service package that gives you life cover for a multiple of your salary.
The cost of living has increased considerably over the last few years. Repaying the mortgage after a loved one has died no longer guarantees a financially secure future for the family left behind.
Did you know that for the cost of what you might spend annually on your favourite hot beverage, you could get a tax free lump sum or monthly income paid to you or your surviving family to alleviate the worry about your finances?
What if we told you this cost includes:
- helplines for emotional, mental health and financial support
- access to a GP appointment 24/7 with prescriptions sent direct to the nearest pharmacy
- nurses to provide in home care
- cover for your children?
What if we then told you that all of this is the difference between a policy you buy online, and one that has been recommended for you by a qualified insurance adviser and would take less than an hour of your time?
At FOCUS, we believe that life insurance isn’t simply about paying off your mortgage – it’s about protecting your loved ones and your lifestyle – the things that matter most.
Protection for your children
Making sure that our families are taken care of should the worst happen is the most cited reason for our clients looking to review their protection needs. It is now possible to include your children onto your own policy from birth to age 21. This means if your child is diagnosed with a critical illness or passes away, you can be given a financial sum to help with the costs of care or to allow enough time away from work to grieve.
Insurance companies are also introducing ways to truly ensure that your children can maintain their lifestyle should the worst happen to you. Some providers are now offering education cover, meaning in addition to your policy pay out, they will also continue to fund school and university fees, as well as additional costs if your child competes in high level sports and music. They will even contribute to school uniform costs. This enables you to leave your children with lasting support through what may be the most difficult time in their lives and provides them support whilst they grow and become adults themselves.
Talk to FOCUS
Regardless of your personal situation, FOCUS are committed to finding a tailored solution to fit your needs.
We would welcome a conversation with anyone looking to review their life insurance arrangements. We are also keen to speak to businesses and organisations to offer protection workshops to their employees and family members.
To find out more, contact our Senior Mortgage and Protection Adviser:
Telephone: 01865 953 123
or email firstname.lastname@example.org
Protection plans with no investment link will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.