Life Insurance for Dads - FAQ's
Why dads need Life Insurance?
Unfortunately, you have to think of what happens in the event of you passing away. What happens to your children? Do they have access to funds to be able to clear the mortgage?
If like many people the answer to that question is no, Life Insurance is always a good idea. Life Insurance will give you that peace of mind, that should the worst happen, your children has that financial safety net in place.
How much cover do you need?
This is always different for each individual circumstances. In fact, we always recommend you have a conversation with one of our advisors to ensure the cover is sufficient for your needs.
In most cases, we encourage you to consider a number of factors. Mortgage, other loans/debt, family expenses and income replacement
How long do you need cover?
Deciding how long your term should be really depends on what you’re looking to cover. Term Life Insurance is the most popular form of life cover. This is used typically to cover costs that are paid off over a period of time, such as a mortgage for example.
The other type of cover is Whole of Life Insurance. This type of insurance is designed to cover you for the rest of your life, providing you pay the premiums.
Life Insurance for new dads
There are certain milestone moments when people tend to buy life insurance, and having a newborn baby is one of them. That’s because life insurance helps you protect those who rely on your income – whether that’s a partner or a new baby. Understandably, it’s hard to imagine not being around for your children but getting life insurance can financially protect your family if you die during the length of your policy.
Book Your FREE Consultation
You may not know which is the right type of insurance, right insurer or the right product for you. At M.A.I.N Families, we do. Simply book your FREE appointment and we can find the perfect protection package for you.
Insurance at M.A.I.N Families
At M.A.I.N Families we are passionate about making sure parents are fully aware of the benefits they could receive with personal protection. We know that family is the most important thing in everyone’s life and that’s why its imperative to look at your protection options.
Insuring your life is more important to your family, than insuring anything else would be. With this essential cover, your family will be financially covered if you passed away. Many policies will either pay out a lump sum following a claim, others will provide monthly payments.
Life Insurance – Things to think about …
If you would insure your mobile phone, car or home, why wouldn’t your insure your life too?
If you were unable to work, would your family still have the ability to pay the bills and have food on the table? Income protection covers your income if you find yourself unable to work due to illness or injury.
Critical illness is something we all hope we never have to face. This cover is here in case you ever find that you are in this difficult situation. Don’t leave yourself stuck, make sure you can live your life with financial peace of mind.
Let’s face it, dying is not great. No-one likes to think about it, never mind talk about what happens when it does happen. Just for a short moment, imagine the emotional journey your child and partner would face if you died. It’s not just the emotional stress that has an impact, the financial stress also plays a massive part.
Now imagine that journey without the financial stresses involved.
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