Life Insurance - When and Why

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LIFE INSURANCE - WHEN and WHY
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• WHEN
• Getting Married
• Becoming a parent
• Precaution for an unexpected death

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• TYPES
• Whole of Life and
• Term Assurance

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Term Insurance

• Runs for a fixed period of years
• Lower premium
• Fixed term coverage
• Useful for important times
• E.g Education Funding for your Children

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Whole of life

• Covering the whole of life
• Cash back value
• Guaranteed pay on death
• Extends throughout your natural lifetime
• REMEMBER
• it attract higher premiums

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WHY

• Offers Family Protection
• Protecting Household Income
• in the event of main income-earner die
  unexpectedly

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WHY

• Critical Illness Cover
• Agreed sum is paid out on
• Death/diagnosis of critical medical conditions
• Covers heart disease and cancer
• can be bought with other life insurance policies

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• How much Cover
• depends on
• Size of your mortgage
• Salary
• Debts or number of dependants

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• TO understand options and choose best package
• NEED expert, independent advice
• TO KNOW MORE
• VISIT GARGASH