When you’re young it’s easy to feel free from financial responsibilities, but illness can happen to anyone at any age.
It's easy to think 'It won't happen to me" or "I don't need insurance as no-one is depending on me", but there is someone - you!
Think about the consequences of permanent disablement – how would you cope emotionally and financially? While it might seem unlikely, the reality is a critical illness can strike at any time, often with devastating consequences.
Buying a new home is an exciting time! It’s the start of a new beginning in your life, and as a mortgage is such a big financial commitment, you need to think about protecting it.
None of us plan to get sick or die unexpectedly. We think it won’t happen to us, but in reality it could happen to anyone at any time and it helps to be prepared.
As you move from one life stage to another your protection needs may change. When you get married and start a family, your natural instinct is to protect your family and make sure they’re cared for.
You want the best for your children and want to ensure that you can give them the best future possible. This may involve paying for their education fees and in later life, maybe even paying for their weddings.
But consider what would happen if death or even a critical illness stopped you from providing for your family? This could have a severe impact on their future.
Divorce is a difficult time for everyone involved, parents and children are placed under emotional pressure.
As well as the emotional stress, the financial implications of divorce and separation are perhaps the most serious. In some cases, the person who cares for the children will not be working or will need to seriously think about their future career options. The person without the children is likely to be liable for some form of child or spousal maintenance.
Have you considered whether you have adequate protection in place to protect yourself and your children?
As you move through life your personal insurance needs may change. As a mature family you may still have an outstanding mortgage, be concentrating on leaving a nest-egg for your children, or even thinking about your funeral costs and how your family will pay for them when the time comes.
So consider what would happen if you didn’t have any insurance and couldn’t leave that nest-egg as you’d always planned to. Could your family afford to cover any outstanding debts or your funeral as an unexpected expense?
These things could have a devastating impact on your family’s financial security and lifestyle choices.
The bills don’t stop coming when someone dies. Help protect your family financially with our life assurance starting from only £6 a month.
Could your family afford to pay the mortgage if you died? Help make sure they never have this worry
We have a Defaqto five star rating for our Critical Illness Cover product.