WHY LIFE INSURANCE IS PARAMONT
How would your family cope if you were suddenly taken away from them? How would they meet next week’s mortgage repayment, next month’s school fees or your final medical and funeral costs? That is why life insurance = peace of mind, knowing that should the unforeseen occur, your loved ones will be able to cope financially.
Preparing for the inevitable is preparing for life.
You may have money in savings plans, or shares, or equity in your home, but turning this into cash may mean your family having to sell assets to survive. Don’t forget they are also dealing with the emotional pain of your untimely death.
Life Insurance won’t ease the pain your family feels, but it will ease the financial burdens placed upon them. Life Insurance provides a lump sum payment to your nominated beneficiaries in the event of your death or to you upon medical diagnosis of a terminal illness, money which can be used to clear debt and leave a cash reserve for those left behind.
Income Protection Insurance
Everyone has car and home insurance, but what about your most important asset, the ability to earn an income?
Income Protection Insurance is designed to replace your income in the event you are unable to work due to an accident or illness.
Income Protection Insurance will cover up to 75% of your income to ensure you meet any ongoing financial commitments while you are unable to work.