Life insurance is all about planning for the unexpected future, today. The loss of a family member is not only emotionally devastating – it can also be financially crippling for those left behind. By planning today, you can provide for the important people in your life.
At CIC Financial, we firmly believe in a logical approach to life insurance. Life insurance is not for you, it’s for those that you leave behind. What would they need to live the life that you want them too? The answer to this question is different for everyone.
We help you to understand where your risks are, and discuss with you what you want covered. Often, we encounter that only the mortgage is to be covered. This is not always enough to allow your family to carry on. A key feature of insurance is that your cover amount is regularly reviewed. Life changes regularly, as do your insurance needs.
Life insurance isn’t for you, it’s for those you care about. So the real question is “how much money will the people I care about need when I’m gone?”
This changes significantly over time, things like buying houses, having kids, starting businesses all impact on the level of cover you need. A good starting point is to think how much ‘capital’ is needed for things like repaying debt, and how much ‘income’ is needed, to continue to fund your families lifestyle.
Kieran has been amazing throughout this whole process, we couldn’t have done it without you. Even the really tricky information you always explained everything really well for us and we were able to put complete trust in you to get everything sorted for us. Thanks so much!