Life Insurance has long been at the heart of Active Brokers, way before we ventured into commercial insurance, mortgages and health insurance, Life Insurance was what brought us into the industry. It’s still surprising how many people we speak to who don’t fully understand what this product can do for them, and how it can change your whole outlook on life.
Getting a mortgage is one of the biggest commitments in life. It secures your family a place to live, learn and grow in: a place to call home. Have you thought about what would happen to said home if you were to pass away? Would your family be able to afford to keep up the mortgage payments? Not only would they loose you, but you could find that your family is forced to re-home. Moving to a new house while suffering the loss of a family member is far from ideal. Through insurance you can make sure that the mortgage will be paid off when you pass away. Leave your home to support your family in the future.
Who doesn’t love their kids? Who wouldn’t want to secure the future for the younger generations of the family? Whether it’s a means of making sure they have education, a home or just giving them a gift for when you’re gone, Life Insurance can make that a reality.
It’s not just those with family and dependants who need Life Insurance, there are several reasons why an individual might choose this cover too (and many other types of insurance that are available to them). Funerals are not cheap affairs, and neither is Inheritance Tax. It doesn’t matter if you’re the breadwinner of a loving family or the individual home owner looking to pass on a heritage to distant family members or friends – funeral costs and inheritance tax will be costing you regardless.
Mortgages, education fees and funerals are not the only thing that a life insurance policy can cover.
Did you know that the cost of raising a child (up to age 21) can reach £227,226?!?!
Our superb infographic shows you exactly what the average Life Insurance pay-out will do for you – find it here, and download it for free.
Unfortunately Life Insurance is not the solution to all your problems. Loss of income, disability and health problems are all very real things that happen to ordinary people all the time.
Income Protection this type of cover will give you some stability if you ever lose your job from illness, disability or redundancy. Find out more here.
Critical Illness Cover is there to give you some support if you are ever diagnosed with a critical illness that will prevent you from working. With a long list of illnesses covered under this policy, it’s worth looking in to. Find out more here.