Family Protection
How would your family cope without you?
The nightmare for every family is the loss of a parent. Not just the devestation caused by a death, but the insecurity and uncertainty of how the family will cope financially?
Life assurance, quite simply would provide your family with peace of mind & financial security.
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Family Protection
The objective of Mortgage, Protect & Insure is to be fresh . . . modern . . .at the leading edge . . . . so a quote from Winston Churchill may seem unusual!! But he did once say: -
“If I had my way I would write the word “insure” over the door of every cottage and upon the blotting book of every public man, because I am convinced that for sacrifices which are inconceivably small, families can be secured against catastrophes which would otherwise smash them up forever”
Sorry, but imagine you died last night.
"If I were to die prematurely, what would the people I most care about need in order to carry on living in their home?"
- "What capital would they need, to repay our mortgage or any other loans?"
- "What capital would they need to create an 'emergency fund?"
- "What on-going income would they need to carry on paying the bills, and to establish financial security?"
It is important to recognise the importance of replacing income lost on the death of a 'bread winner' and also to provide for the almost invaluable help of parents who make the house a 'home'.
"I suffered a heart attack - a critical illness last night".
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"How would we manage if I suffered a horrible illness and couldn't work?"
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"What are the most pressing bills that would still need paying . . . . the mortgage, other loans. How much less worry if I had a policy that would pay them off?"
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"With them gone, if I could cover the other bills how much better my chance of getting better?"
There are various types of insurance policies available, the most popular being: -
- Term Assurance - level, increasing AND reducing!!!;
- Critical Illness - level, increasing, with, and without life cover!!!;
- Whole of Life - providing cover for . . . . . . the whole of your life!; and
- Family Income Benefit - providing an income instead of a 'lump' sum.
Life assurance is still the most cost effective way to provide family protection.
And just one warning: -
Answer the medical questions on any application form with full details of ANY, AND ALL, previous health problems. The criticism insurance companies face over policies not paying out on claims could, so very often be avoided by Clients providing more accurate (even more truthful) answers to the questions (they call it 'utmost good faith'!!!).
