Thankfully, most of us will live to old age. Life is unpredictable, though. It's a good idea to have a plan in place to provide financial security for your family should something happen to you.
Most likely, there will be legal and probate fees, as well as costs associated with selling and distributing what you owned. Life insurance can help cover the costs involved in settling your estate.
Having the right life cover can ensure your spouse or partner can continue to enjoy the same quality of life, no matter what happens.
We know that being a parent is one of the best experiences in life. We also know that it brings big responsibilities and worries – that's only human. You worry that they are happy and getting the right opportunities to flourish. You want to be able to provide for them the way you want to – even when you're not there.
Even if your children have left home and are standing on their own feet, life cover can make sense. You can protect the lifestyle of your spouse or partner.
Many people care lovingly for an elderly parent or someone who is unable to look after themselves. Maybe that's you? Life cover means that their care is secure if anything were to happen to you.
Things are changing all the time. Your needs now are probably very different from a few years ago. So it makes sense to take stock now and then, just to make sure that your life insurance covers everything you need it to. You might find you need more so keeping tabs on whether your cover will do the job is a good idea.
We've put together a useful guide to help you work out how much life insurance is the right amount for you: how much life insurance do I need?