Nothing means more in life than our families. Whoever you are, and whatever you do, making sure that they are safe, healthy and provided for always comes top of our priority lists. But what it’s sometimes easy to forget, and often difficult to think about, is that they’ll also need looking after when you’re gone, and that means making sure you’ve taken the right precautions now, to make sure that you and your loved ones are looked after when you really need it.
You just need to read the newspaper, with the financial troubles, health scares and disasters happening every day around the world, to see that trouble could be just around the corner. And while you want to live your life to the full, preparing for the unexpected now means you can stop worrying about things that may happen in the future. The best way to do this of course is by taking out the right insurance.
Taking out life insurance may seem like quite a strange idea when you’re young and healthy with your whole life ahead of you, but there’s no better time to get yourself insured. There’s probably no other time in life when you’re going to be dealing with so much debt, whether it’s in the shape of university fees or your first mortgage, and while you’ll rightfully be looking forward to a lifetime to enjoy these investments, you need to make sure they’re protected should the unexpected happen.
While life insurance premiums, especially for younger people, may seem off putting, a little research can help you find the best life insurance quotes around. Rather than taking out a standard life insurance policy, you might want to consider term life insurance. This effectively enables you to ensure your life for a set period of time. For example, if you have a young family, you might want to ensure against your death in the first 20 years of your child’s life, meaning that should anything happen, your family will be covered, enabling them to continue with mortgage payments and keep a roof over their head, as well as support themselves. Term life insurance as such enables you to tailor the policy to suit your needs, and its limited lifespan makes it much cheaper.
Of course, the one thing you don’t want to skimp on is your own health, so make sure you have insurance in place to keep you and your family safe and healthy. While health insurance can be costly and, in the UK, with its excellent free health service, might seem unnecessary, there is always a risk that serious illness could have a massive impact on your life. When it comes to critical, life-threatening illness, you might want to consider more immediate, private healthcare, which can be prohibitively expensive. Likewise, treatment and recovery can mean long periods of time out of work, meaning you and your family will need other financial support. Critical illness cover enables you to protect yourself and your family against the impact of long-term serious illness, without the same costs as standard health insurance. By taking out such cover, you can guarantee that there is money there to get you back to full health, and to support your family until you get there.
Should the worst happen however, you’ll want to ensure, first and foremost, that your loved ones have a roof over their head. In a world a big mortgages, and with the ongoing financial crisis, it’s foreseeable that many of us may pass away without having complete mortgage payments on our properties, leaving them in jeopardy. But it’s your house – probably the biggest single investment of your lifetime – that will spell security for those you leave behind. Securing this nest-egg couldn’t be easier, with tailored mortgage life insurance. This specialist life insurance pays out to your mortgage lender when you die, ensuring that the property can be left to your loved ones. Unlike in a life insurance policy, the money is ring-fenced, meaning it can’t be fed off to pay for other things, and you can rest easy. Even better, these policies often don’t come with a health check, and premiums decrease as the mortgage value decreases.With so many easy ways to protect yourself and your family, there’s no excuse not to. Consult your preferred insurer today and make sure your family is safe for tomorrow.
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