It is about meeting responsibilities and keeping promises.
If you own life insurance and a correctly drafted Will , it is because you view it from your family's point of view, not your own. You see life insurance as a tool that protects your spouse and children from the potentially devastating financial losses that can result if you die prematurely.
It has nothing to do with you.
You know that, should anything happen to you, the life insurance you have purchased is in place to protect and provide financial relief for those who must carry on without you. It's about them.
Should you die, the proceeds will help you keep the promises you have made to those people you care about.
Too often, when an income earner dies, survivors are forced to make tough, dramatic decisions -- and to do so quickly - at a time when they may not be emotionally in a position to make good choices.
Life insurance buys time and buys options.
It gives them a chance to adjust over time rather than need to look right away for a downsized home or new job.
Your life insurance gives your family choices by providing the benefits to help pay off debts; to help meet housing payments and ongoing living expenses; to help fund college educations for your children or grandchildren; and more.
Your policy is a valuable piece of property that can deliver a specified sum of money at the exact time it is needed most.
Upon your death, your family can be assured that the amount you have chosen - perhaps hundreds of thousands of dollars; maybe even millions -- will be there almost immediately.
And that money is generally not subject to taxes. A $500,000 policy provides $500,000 in death benefit proceeds.
If you are not completely certain that your coverage is in line with your family's needs, contact us today to discuss your's , your familys and maybe your businesses requirements.
We can work together to determine how much coverage you need, the type of policy that may be right for you, and more.
We're here to help you make the best decisions based on your individual needs, current situation and long-term goals.
Market Indicator - insightful views on equity market trends.
Video Updates - Discretionary Fund Manager (DFM) partner videos provide managers thoughts and opinions on current market events.
Market Scope Newsletter - don't miss out on important market events - subscribe now its FREE
Our Blog - Commentary and updates on insurances - pensions - investments - taxation and many other expat related topics.