Most often, life insurance cost is based upon an individual’s gender, age and health status. There are many different factors that are considered by insurers when determining your individual policy cost – these are covered in our “How is the cost of life insurance worked out?” post. One factor that has a large impact on […]
Category Archives: Life Insurance
How is the cost of life insurance worked out?
Most often, life insurance cost is based upon the individual’s gender, age and health status. Some insurance companies also take into account whether the individual consumes nicotine products (smoking or vaping), the individuals’ occupation and lifestyle activities and/or their family health history. It is important for consumers to understand how the different factors can affect […]
Life Insurance 101: What you need to know
What is life insurance? Life insurance pays out a lump sum of money on the death of the life insured. How does life insurance work? There are three parts to your policy: The insurance company with whom you have the policy, the life insured on whose death the money gets paid out, and the policy […]
Insuring your tomorrow
A wise man once said, “you can’t live your life in fear, however, you must prepare”. One of Benjamin Franklin’s most famous quotes, expressing a similar sentiment, is “failing to prepare is preparing to fail.” Preparation is the key to giving yourself the best chance to succeed in life, and live in a state of […]
Why get life insurance?
You may have heard people discussing life insurance; especially if you have recently got married, purchased a house or had a child. You might ask yourself the question ”Why should I get life insurance?”. Continue reading to find out why life insurance is an integral part of the safety net for your family, should you […]
Do I need life insurance?
A life insurance policy is a tool that can manage financial risks, which your family may face, should you pass away. It is not a necessary purchase for everyone. For example if you are single, have no debt or dependents and have enough money to cover your own funeral, you most likely do not require […]
When is a good time to review your life insurance?
We often tell our clients that life insurance is not a set and forget purchase, and it’s important to review it when your life has changed. It’s easy to forget about life insurance if you’re not thinking about it regularly, so here are the main times we recommend people to review their life insurance policies […]
