Making sure you get the most appropriate life insurance cover for your family’s needs is one of the foundations of our business. Having sufficient life insurance protection could mean financial support for your loved ones if the worst should happen. Many factors come into play when determining the “proper level” of life insurance cover. And, intermittently, events will occur that should prompt a review of your life insurance needs. Common events which could lead to the need for a review include:

• Marriage: When you marry, you can take on additional financial responsibilities. Your need for life insurance might not grow dramatically on your wedding day, but that need is likely to increase over time. For illustration, when you first marry, you and your partner may both be working, and, if you get used to a certain standard of living, you will probably want to make sure your spouse will be able to continue at that level if anything should happen to you.
• Buying a home: When you get a mortgage for the purchase of a home, most lenders will require that you insure the home against any accident or disaster that might occur. Of course, the worst possible disaster would be your death. Without adequate life insurance at the time of your death, your family might be put in a situation where they are not able to keep up the repayments to stay in their home.
• Birth or adoption of a child: Having a child in your life means many, many changes. The responsibility of raising a child often means taking on more life insurance, too. You will undoubtedly want to be able to support your child through their life, perhaps up until he or she graduates from university, or beyond. So, having a child is one of those times in your life when you ask yourself, “If something should happen to me, where will the money to bring up my child come from?” Life insurance can fill that need. And, if you have more than one child, that need will be even greater.

So you see, the amount of cover you need will depend on your circumstances and when your circumstances change, the amount of life insurance you’ll need could change too.

All of our advisors are comprehensively trained to assess your situation and help you re-evaluate your needs as time passes and if your circumstances change. Your advisor will explain how much and what types of insurance make sense for you and so you can provide financial security for your loved ones. To learn more, call us today on 0800 612 8005 and we'll review to see if you have the right cover for you, at a price you can afford.