Is life insurance worth it? Here’s the questions you need to ask

in mylive •  4 years ago 

You’re working hard to build a life that you and your loved ones can enjoy for years to come. And while nobody wants to think about the worst that could happen, it’s also important to protect those around you if you’re suddenly unable to work or pass away.

The good news is that – just like protecting your house or your car – you can still get covered without overpaying. That’s where we come in – our experts look across our panel of life insurers to find the best fitting policy for your needs. You can click below to get started.

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And if you’re not even sure what is life insurance, whether you need income protection or full life term cover – or what any of this means – read on. You’ll be well on your way to getting the ultimate gift for your family: peace of mind.So, is life insurance just about paying my partner or kids money if I die?
It’s easy to think that, but it’s only a small part of what life insurance actually provides. It gives you a level of protection and peace of mind for you and your loved ones if you were suddenly unable to support them due to illness, injury or death.

Again, you don’t want to think about serious illnesses or accidents, but life insurance can cover this. There are four main types of life insurance, which can be taken out separately or bundled together, with the exception of income protection, which must always be taken out separately.

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