Buying life insurance in the UK
It can be a miserable subject to think about and a daunting task to know where to start.
After all, there are plenty of websites where you can buy life insurance direct. Is it worth taking a punt on the first, perhaps cheapest, policy you find? Or, is it worth seeking help from a financial adviser that specialises in life insurance in the UK.
Do I need life insurance?
Let us turn that question around and ask you a question:
If you were to die or suffer from a serious illness, resulting in a loss of income, what would you or your loved ones be prepared to give up?
Putting aside the emotionally devastating impact:
What would the effect be on your family’s hopes for the future?
If you own your own company, could your company expect to continue to be as successful without you as it has been to date, or as you had hoped for?
Would you have regrets for not having put life insurance in place at a time when you were fit and able to do so?
If you are asking – is life insurance worth it in the UK, ask yourself instead:
What would you be prepared to give up in the event of a critical illness or death of a loved one?
Your retirement aspirations? Christmas presents for your loved ones or the foreign holidays? Your future financial nest egg, or your home?
And how would you feel?
Surely, you’d be wanting to focus on your recovery without having to worry about your financial problems? You would almost certainly want to know that, whatever happens, life will be able to continue for those closest to you without them having to worry about money.
So, what should you do about it?
Buying life insurance in the UK doesn’t have to be expensive, particularly when you put it into context with the cost of not having it.
In our previous post we look at why it pays to take life insurance advice.
Life can appear random at times; after all, we can plan for the foreseen but what about the unforeseen? We may choose not to face up to some of the grim realities of life, yet we see and hear about it on an almost daily basis. We hope that, with luck, it won’t happen to us or our nearest and dearest.
Are you worried about not having life insurance in place?
If you are concerned about the financial impacts that could arise as a result of you or a loved one suffering from a critical illness or even death, then get in touch with Assured Life Advisers and talk to us about critical illness cover and life insurance.
Here, at Assured Life Advisers, we can help you assess life insurance with pension schemes at work, too.
How Assured Life Advisers can help
See how Assured Life Advisers can help you protect your family and business with life insurance whilst looking forward to a prosperous retirement.
We are highly-qualified independent financial advisers with offices in Warrington, Cheshire and across the north west. We follow a robust advice process focused on positive client outcomes. Our charges are clear and transparent so you will know the cost of any recommendations and the benefits to you.
Get in touch today to and speak to one of our advisers. We will help you arrange the most appropriate cover for your needs.