5 Important Reasons Why You Need Life Insurance
Insurance can be confusing and it’s hard to know what you really need or want. But here are five very good reasons why you need life insurance.
F ast-forward to the year 2023, we are coming out of the pandemic, and people are starting to return to “normal”, whatever normal looks like. So much has changed. Doing business digitally, zoom, teams, and the rapid adoption of technologies that without the virus would have maybe only hit a few years from now.
For many years life insurance as a purchase was the ugly brother to investments the more flamboyant member of the family, however we believe that has shifted.
And that shift has happened because throughout the pandemic it has been proven that life insurance works, paying out millions in claims through an extremely difficult time. This is thankfully because life insurance hasn’t changed, it’s the hardworking member of the family that just gets on with it. Yes, there are new products, new ways of doing business, new underwriting counter measures due to a world filled with uncertainty over new viruses and catastrophic events, but when its all said and done, life insurance is practically the best investment you can make in protecting your wealth and leaving a legacy.
Commonly misunderstood and perceived to be a grudge purchase, we say embrace it. What if you were to look at it differently? What if instead of “gosh I hate paying that premium”, you were to change the rhetoric to, thank goodness my premium is paid, I feel so secure knowing that if/when something happens my life insurance can:
- Give an unburdened financial future for your family, unincumbered from financial worry and hardship.
- Protect your income if you are not able to work.
- Safeguard against the financial destruction a severe illness can cause.
- Protect Business interests.
- Cover costs of dying, taxes and all the other things we can’t escape.
People perceive it as extremely complex, however with the right guidance from an independent and well researched wealth planner, you can expect to achieve the following outcomes:
- Comprehensive cover
- Easy servicing at the many life changing events we experience
- An honest and properly underwritten policy with full medical disclosures to ensure that there can be no questions at claims stage.
Life [disability/severe illness] insurance is the best investment you can make in yourself, your family and your future.
*The information in article does not, and is not intended to, constitute financial advice and materials on this site are for general informational purposes only.
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