Research from MoneySuperMarket found that two-fifths (40%) of homeowners with children haven’t taken out life insurance.
Regardless of your age, you may want to consider life insurance. A lump sum payment on death can pay off your mortgage, easing the financial burden on those left behind.
If you’re already paying multiple monthly premiums for things like your car, travel, or building and contents insurance, then you might be thinking, do I need life insurance as well?
It may be an additional monthly cost, but ask yourself: on your passing, do you want your family to have money worries?
It’s important to consider your finances as a whole and who your estate will go to. When you take out a life insurance policy with us, you get access to our complimentary estate planning service.
This offering explores topics like writing a will, whether you should put your life insurance policy into trust for your beneficiaries (to potentially avoid inheritance tax), and ensuring the people that you want to benefit are named and looked after in line with your wishes.