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