Life Insurance, to support your family after you die
Many people make the mistake of not taking out a life insurance policy before they die, leaving their loved ones without the funds for their funeral and to cope without them around. But it’s not as simple as just making sure you have a policy in place, it’s about finding the right policy for you which offers you the best value for money.
Life cover is an insurance policy which ensures that your family receive payment after you die, either in the form of a lump sum or in regular installments. The purpose of life insurance is not to benefit you, but to benefit the family and dependants that you leave behind after you die and to ensure they are not left with any unexpected bills and debts.
There are many companies out there offering life insurance policies, with each one offering different levels of cover and costing different amounts each month. Here at Milestone Financial Planning, we can work with you to determine what level of cover you need and to find you the best policy for your chosen budget.
How do you know if you need life cover?
The fact is, anyone who is going to leave family behind who depend on them for income will benefit from life cover. Whether it is a partner, children, or other family members or friends who live with you; there are different levels of cover to help those you leave behind after you die.
If you want to discuss in further detail the benefits of taking out this insurance, or are ready to start finding the right policy for you, speak to one of our team on 01246 903053.
Benefits of using a financial advisor
There are many comparison websites out there which will give you quotes from various companies so you can find the best price for your life insurance policy, but unless you have in depth knowledge about the ins and outs of such policies, it is still difficult to determine exactly which is best for you and your family.
By using a financial advisor with extensive knowledge and training such as ourselves, you can ensure that you get the best policy by discussing with us your financial situation, how much you can afford and are willing to pay each month, and how much your family relies on you financially.
Book an appointment with one of our advisors today!
Book an appointment for a financial review or to meet with one of our experienced financial planning advisors to see if you are on track to reach your financial goals and to learn what we can do for you.