But have you ever considered what would be happened if you couldn’t work due to an accident or serious illness? How would you manage? Worse still, how would your family cope if you were no longer there to support them? You may think nothing serious could ever happen to you. Yet every year in the world, million people suffered a heart attack, having some form of cancer, got a stroke, and some others need to receive kidney dialysis.
So wouldn’t it be reassuring to know that you could benefit from a cash lump sum if you were to fall ill?
Or that your financial responsibilities would be taken care of if you were to die? You can do something about this now, and sooner is better.
At each stage of your life-when you are single, then you got married, setting up home, bringing up children or waiting for grandchildren-your responsibilities, and therefore your protection needs, are change. Any solution needs to be flexible, capable of changing with you throughout life.
An insurance polis means to make life protection plan. Choose an insurance company that offers complete protection-for you-if you got serious illness, or for your family-if you die. The polis you take should focus on your needs right now and is easily adapted to reflect your needs anytime in the future.
If you’re single, how would your lifestyle suffer if a serious accident or illness stopped you from working long term?
Many life assurance policies only offer a lump sum in the event of death-hardly useful if you have no dependants. So, what you should do is to choose an insurance that you can receive financial support when it matters most, when a serious illness is diagnosed by your physician.
It’s also important to have a plan that can change as your life changes. For example, if you get married the increase commitment will mean increased responsibility. The polis you took must allow you to increase the level of cover to protect your new partner and perhaps your mortgage as well.
But don’t leave it too late to think about the future. Because the younger you are when you start a plan, the lower the premiums will be.
Whether you’re married or you’ve set up home, you should consider how best to protect your health as well as secure your future.
If your budget is tight now, perhaps with a mortgage and other monthly outgoings, then your lifestyle is in all the more danger should either of you suffer a serious illness. Choose the polis that flexible enough to protect your children, if you decide to have one. With no need for further medical checks, you can increase the level of your cover in the plan for up to three children.
If you have a family, who will take over if a serious illness or death stops you from providing for your family? The right insurance polis can ease what could be a huge financial burden on you and your family.
Looking ahead on the brighter side, your lifestyle will hopefully change for the better-perhaps you’ll move to a larger house to cope with your growing family. In most cases, insurance polis can protect the increase in your mortgage without the need for further medical checks.
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