Life insurance provides vital protection but as your circumstances change, so too should your cover.
Life insurance provides vital protection but as your circumstances change, so too should your cover. Here's when to review your life insurance:
Marriage
Getting married often means having joint financial commitments with your spouse. You might need a higher level of cover to ensure that your partner will be supported if you are no longer around.
Parenthood
Welcoming a child is a joyful milestone but also a major financial responsibility. It is important to update your cover to safeguard the financial future of your new dependent.
Buying a home
A new home typically comes with a mortgage, so adjusting your cover can help your family to keep up their lifestyle in the event of your death.
Career changes
A significant salary increase or a new job often comes with a change in lifestyle, so you may need to reassess your policy to make sure your loved ones could maintain their current standard of living. Similarly, if you reduce your working hours, check your cover still meets your needs.
Regularly reviewing your life insurance ensures your loved ones are fully protected as your life evolves.
Contact us today to keep your cover on track.
As with all insurance policies, conditions and exclusions will apply.
Your home may be repossessed if you do not keep up repayments on your mortgage.
