LIFE AND FINAL EXPENSE INSURANCE
Life insurance can also be seen as income protection. Assuring those that count on your income in the event of your death. Life insurance is often seen as the foundation of a strong financial plan. Consider this when thinking about life insurance:
Becoming a parent - If you don’t have life insurance, this is the time to think about it. Starting a family brings big responsibilities and at this stage many parents begin to think about how they can best protect their new family. Income level change - Throughout your working career, your income levels will most likely change. This is something to watch out for in terms of ensuring your life insurance covers your lifestyle.
Marriage - If you had to cope with the loss of the person you love the most, having to deal with the burden of debts and calls and questions about finances is the last thing you need, make sure your debts are covered and make the transition as easy as possible for the one you have left behind by purchasing Life Insurance.
Moving or buying a house - Moving house is probably the most common reason for taking out life insurance. It is a huge new responsibility and your debt will be covered should the worst happen.
To provide financial security for loved ones - Safeguard the future hopes and dreams of your loved ones. Life insurance can provide you with the peace of mind that you need to feel that you have their future protected.
Re-mortgage of existing property - Re-mortgaging your property is an ideal time to reevaluate your life insurance needs. The product which may have been suitable when you first bought your house may need reviewing based on your total amount borrowed going either up or down.
To ensure mortgage is paid off - Knowing your mortgage will be paid off should the worst happen is a huge weight off your mind.
Existing policy expired - If your existing Life Insurance Policy has expired you’ll already be aware of the importance of having life cover. Examples of when it might expire include, your old policy was for a short term or you’re about to move house. To avoid a lapse in cover, Telegraph Life Insurance Services will provide you with a free, personalised and competitive quote.
AND Don't forget that EVERYONE will create Final Expenses that someone else will have to take care of. Everyone should have a policy to cover these expenses by providing the TAX FREE payout upon death to the person that will be responsible for: Burial or Cremation costs.