The aim of life assurance cover is simple…It is there to provide funds for those who are financially dependent on you. This area covers both family and business interests. Making sure that the mortgage as an example is repaid on death is one benefit of life assurance but one has to understand that it is not only a mortgage which needs covering. Clearly if the main breadwinner in the family passed away or is diagnosed with a critical illness (things like cancer, strokes, heart attack etc) or unable to work due to temporary sickness/accident then a lump sum or income would be important to maintain a reasonable standard of living.
Life Assurance
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