LIFE INSURANCE
There are many different types of life assurance products available. At Prosperity,
we can advise you of the most suitable product to suit your individual needs. People
take out life assurance for many different reasons because
- Their income may support a household covering the
mortgage, education costs and manyother
expenses
- They may play a vital role in raising your children and managing the family home
- They may be a sole trader, partner or controlling shareholder in a
business
These people rely on you today. But have you considered what would happen if you
were to die tomorrow? Whilst many of us haven’t, or don’t want to consider this
question, protecting those that depend on you today will ensure that they are protected
for tomorrow, providing peace of mind and financial security.
The amount of cover you take out all depends on your financial circumstances,
such as your outgoings and earnings. At Prosperity, we look at all of this
so we can advise the amount that suits you best and provide a flexible approach
to life time protection.
As well as life cover, a comprehensive range of additional benefits, including
critical illness cover can be tailored to best
suit you. This can provide you with the security of knowing that if your life changes
due to serious illness, the possible financial burden on you and your family will
be eased. The cost of providing benefits is determined by your age and other personal
details, together with the life cover required. Its flexibility means it can accommodate
changes to your benefits as the circumstances of your life change. What’s more,
its flexibility is every bit as important for tax planning and business insurance
as it is in protecting your family.
You may need life insurance if any of the following apply:
- You’re married
- You’re supporting a parent or relative
- Your pension won’t be enough for your widow to live on
- You own, or are a partner in a business
- Someone else will be legally responsible for a debt if you die
Case Study
Critical Illness