No-one wants to leave their family in financial distress when they pass. Life insurance provides assurance and security to many people that their family will be looked after when they are in the here-after. While the concept sounds simple enough, securing the right policy for you can be far from simple.
There is a plethora of insurance companies that offer life insurance policies and that is arguably the source of many of the issues. Confusion is common amongst people buying life insurance because they may have pre-conceived ideas of what will be covered and then their family or beneficiaries get a rude shock when they only discover the misunderstanding when it is too late.
The recent COVID-19 pandemic has also revealed flaws in some policies with policy holders not covered for this disease.
You can select a life insurance policy or product that provides protection from a number of possible eventualities:
Due to the large number of insurers offering life insurance policies, it may be advisable to engage the services of an independent, professional, licensed insurance broker to assist you with selecting the policy that best suits your purpose.
We know insurance brokers that can assist you. If you would like their contact details, please get in touch with us.