As you move through each life stage 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. Also, 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
Harry and Adriana’s story
Harry and Adriana had been married for almost 25 years. Harry had owned his own business but was already planning his retirement once the mortgage was paid off, and Adriana had spent a happy 20 years raising their sons, William and James.
Harry and Adriana had always encouraged the boys to follow their dreams. William was doing really well as an apprentice in his father’s business, while James was at the local college and aspired to start university that autumn.
Life was going just as they had planned; they had healthy kids and a lovely family home when the unthinkable happened…. Harry and Adriana were both killed in a tragic car accident returning from a day out. Suddenly the families’ world changed in a moment.
The family’s future without protection:
The family’s future with protection – Mortgage term assurance and Over 50s Insured Funeral Plans:
This is not advice, you should consider your individual circumstances when deciding what level of protection you need, if you are unsure you should seek advice from your financial adviser. All characters in this story are fictitious; any resemblance to people living or dead is purely coincidental.
Could your family afford to pay the mortgage if you died? Help make sure they never have this worry.