Life Insurance is a general term applied to the various types of family protection policies available in the market today. At Lifetime Financial Planning we believe that some kind of back-up financial security should be an integral part of your financial plan, helping to protect your family income against the unforeseen events that life sometimes throws at us.

Life Insurance is designed to ensure that, in the event that a policy holder passes away:

• the main family income can continue

ensuring for example that your children can continue to have the opportunity to go to college in your absence.

• your family can maintain their standard of living

which you worked so hard to provide for them and they can continue to meet the usual household bills into the future.

• mortgage loans and other debts can be paid off

securing the family home or business in the absence of the main breadwinner(s).

Without expert and informed advice it can be difficult to determine which type of policy is right for you. We can help to guide in the right direction to ensure you receive the correct level of cover for yourself and your family.

There are three main types of Life Insurance policies :

People who probably don’t need Life Insurance include:

• Those who own sufficient income-generating assets to comfortably provide for their loved ones in the event of something unforeseen.

• Those who have no dependents or whose family is grown up and financially self sufficient.

• Those who have built up sufficient death in service benefits through their existing pension or employment.

• Those whose partner’s earnings are enough to comfortably cover the family living expenses and provide for all the opportunities your children should have in your absence.