It’s hard to envisage something bad happening to a loved one and it’s almost beyond comprehension to imagine losing a child but, should the worst happen, it can offer some comfort to know that you will be financially prepared.
If you have met Ange or read about the tragic loss of her daughter on this website, you’ll know that her grief was compounded because Emma didn’t leave a will or have any life assurance. This meant that Ange didn’t have the necessary funds to bury her daughter and Emma’s Nan had to step in to help with the cost of Emma’s beautiful funeral.
In the current economic climate, it’s even more important to consider protecting yourself and your family. Protection products can help provide financial peace of mind when it’s needed most. They’re designed to provide a cash sum or monthly benefit (depending on the plan chosen). The benefit becomes payable if you die or are diagnosed with a terminal illness during the policy term and are eligible to claim.
Life assurance is easy to set up and not expensive for 17-25 year olds as premiums are based on age so can start from as little as £5 per month, depending on the level of cover and term required. However, there are other factors that can affect the cost, such as medical history and whether or not you smoke.
We all want security for our future and our family; a chance to maintain the financial stability we have worked so hard for. That’s why it’s so important to plan for all eventualities.
If you would like to discuss protecting yourself, your family or your mortgage, please contact Teresa Owen of Three Counties Mortgages for free advice on 07877 825483 or visit www.threecountiesmortgages.co.uk for more details of the types of cover available.
As with all insurance policies, conditions and exclusions will apply.