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Protecting you and your family
Have you considered protecting yourself and your family against suffering the financial effects if you had a critical illness or died? Even if you have life cover with your mortgage, this will usually only be enough to clear the outstanding debt. But what about the all the other day to day costs that a typical family has to meet? Utility bills, food shopping, rates, car insurance ? the list could go on.
Would your family cope?
How would your family cope if, for example, one parent contracted a serious illness and was incapacitated for a prolonged period of time? Without the appropriate cover your family may not be able to maintain their standard of living and keep up your commitments which could ultimately lead to you losing your home.
You may have some life cover with your employer but it may not be enough and will only remain in place whilst you are in that employment. It is an unpleasant subject to have to think about but it is important to know the facts.
Plan ahead
Whilst we all hope life will be good to us, we can never be sure what the future holds. That's why it makes sense to plan ahead.
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