-
"I'm too young for insurance!"
Think you’re too young for life insurance? Think again! Even if you don’t have a family or mortgage yet, it’s important to protect yourself. Imagine losing your income - how would you manage your finances? Without a steady income, maintaining your lifestyle or paying off debts like student loans or car payments could become challenging.
Income protection insurance can be helpful if illness or injury stops you from working. It provides regular payments to help cover your rent, mortgage, or daily living expenses. Having this safety net in place can boost your financial wellbeing and give you peace of mind.
-
"Life insurance is too expensive - and it's difficult to apply"
Life insurance might be more affordable than you might think. Costs vary based on your age, the type of cover, and the level of protection you choose, so you can find a plan that fits to your needs. Everyone’s situation is unique, so your life cover should reflect your personal circumstances and budget. Seeking the right financial advice ensures you get the best coverage for your needs.
The good news is that applying for life insurance is straightforward. You can easily apply online or by phone and get a personalised quote in minutes. Sometimes, you won’t even need medical exams or blood tests. Life insurance is a small price to pay to secure your financial future and care for those who depend on you.
-
"I've got insurance through my employer pension"
Your employer pension might include some insurance, but it often falls short, especially if you have a mortgage or a family. This ‘one size fits all’ approach doesn’t account for your specific financial needs. While it may cover you if you pass away, it might not include income protection for short-term setbacks.
Review your current cover and compare it to your financial commitments like your mortgage, school fees, and other debts. This will help you determine how much additional cover you might need. Consider whether you might need additional cover to ensure you and your family topping up your insurance outside of your pension are fully protected.
-
"My Employee Benefits and Sick Leave Entitlement have me covered"
Employees are generally entitled to sick leave, but if you suffer a major injury or illness, you could be out of work for an extended period. Once your sick leave runs out, you might be left without an income, making it difficult to cover your normal expenses and debts. However, life insurance and income protection typically offer an essential safety net, both at work and outside of work, providing an essential safety net.
-
"I’ve got health insurance for ill health"
Many people think that health insurance covers all their financial problems, including lost income. This isn’t true. Health insurance helps pay for medical bills, but it doesn’t give you money if you can’t work because you’re sick or injured.
That’s where income protection insurance comes in. It replaces part of your income if you can’t work for an extended period, so you can still pay your bills and take care of your family.
-
Want to protect your life and secure your future?
Understanding your life insurance needs and how to safeguard your lifestyle can be challenging. A financial advisor can offer personalised advice to help you take care of yourself and those who depend on you. That’s where we can help. Tap below to start your life insurance protection journey today.
