Which Life Insurance Policy Should I Choose?
Our approach to providing advice on these matters is simple. We ask you to tell us what financial impact any of these scenarios would have on you and your family if they were to occur. What we mean by this is quantifying the extra money the unaffected party (or parties) would need to find, in order to for the family finances to continue operating as they did before the event. This is a good starting point in quantifying how much cover you need.
We would be pleased to discuss the other considerations with you. To help us advise you properly, it would be of great benefit if you could provide us with details of:
• Any existing policies you may have
• Any benefits that your employer may provide
• Household monthly income after tax
• Household monthly outgoings