|Statistics show that people are more likely to insure their cars and homes than themselves. They don’t seem to baulk at all about insuring their borrowings such as the mortgage on their home, however, insuring themselves has been shown to be much more price sensitive. Perhaps it is the mandatory nature of car, home and mortgage protection cover that makes it so much more acceptable. In reality, however, your life is your most important asset – especially if you have dependants.If you have people dependant on your income generating ability such as a spouse and children you really ought to be taking measures to ensure that their financial wellbeing is secured in the event of your untimely death.
Stop, Think and Ask Yourself…
So…what are the next steps?
There are many reasons why people are slow and reluctant to put in place appropriate and sufficient Life Assurance cover.
The role of a good advisor in all of this is to help you through the process of: