Death Cover
Why have Life Insurance?
For many people, living without Life Insurance is simply irresponsible. Life Insurance is important if you die and:
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You have debt, and you don’t want to leave this burden to your family
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You want the current lifestyle of your family to continue
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You have a mortgage on your home and you would like to leave your home to be debt-free for your family
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You have a family that is dependant on you; term life insurance can provide funds for education and general living costs for them until they are able to provide for themselves
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There are funeral and associated legal costs to be paid
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You want to protect your family’s interest in your business. Funds would be available to eg: restructure or refinance
When the need for Life Insurance the greatest
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With the addition of children to your family
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When you want to provide for a spouse/partner
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When buying a new home with a bigger mortgage
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When you expand your business
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When you take on debt
How much cover is appropriate?
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