Life Insurance

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Life Insurance can provide some peace of mind, so you know that if the worst happens a lump sum of money will become available to your family, your business or to pay off debt.

 

We suggest that if you have a family, other dependents or debt, then life insurance is enormously important:

 

  • Your dependents can focus on living life without worrying about finances
     

  • Typically, your family can get quick access to immediate funds to cover funeral costs
     

  • They can stay in the family home - pay the mortgage or cover the rent
     

  • Children are provided for and can make future education plans such as going to university
     

  • The financial burden of ongoing day-to-day living expenses is taken care of 

 

One way to think about the need for life insurance is to ask yourself this: if you were to die early, what would be the financial impact on those you leave behind?

 

Life Insurance can also be an essential part of your business planning, enabling:

 

  • Business debt to be repaid/reduced
     

  • Shareholders to be bought out as per shareholder agreement

 

  • Ongoing profit of the business can be protected