Everybody knows that the best advantage of having a life insurance is the death benefit, since you take care financially of those you leave behind. However, is that all? Are there more advantages when it comes to life insurance? Read this article and discover why you should have a life insurance.
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UK residents have been consistently bombarded by media adverts for life insurance, life assurance, funeral plans, pensions, and equity release in recent years. It can be very confusing to the average consumer, but the simple fact is, the UK population is getting older. The longer we live, the costlier it is for us personally and the government, so it's important that you make provision for your financial future. It is therefore important you understand the financial instruments available to you.
This kind of insurance is not necessary and not applicable for everybody. As its name implies, it is an amount of money paid out on the death of the policyholder. Its purpose is not to be of advantage to the policyholder, but to benefit the policyholder's family and loved ones. For a single person without dependents, there are other more appropriate choices.
When considering life cover, it is best to consult with an independent financial advisor who can explain the various financial options to enable you to make the right choice for you and your family.
Recent questions
Hi, we are about to join this company, and recently saw a solicitor to finalise things, solicitor was a little worried about the scheme, we have read the reviews on this forum and would like to know if anyone has had some recent i.e, 2020 experiences, we have had to finance this with equity release on our house so really need the return to be true.
Hi all, I have recently been following this forum on Facebook, and there was a post about investing in inventions. Â I am really interested in this as I am myself an inventor. Â I therefore wondered if you can get investment for an invention?
Is it worth investing in an influencer/s to promote my product? Â Is it a good investment?
I would like to ask if anyone here has invested in property in France recently? Â I have heard now is a good time? Â Does anyone have any experience?
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