Life insurance makes the most sense when you’re young since the premiums are less expensive and you have fewer assets to pass on to heirs. The longer you wait, the more expensive it will tend to be and the more likely you are to develop a medical condition that makes it much more expensive. Of course, the biggest problem with procrastinating life insurance is that by the time you need it, it’s too late to get it. Even single persons need at least enough life insurance to cover the costs of personal debts, medical expenses and funeral bills. If you are uninsured, you may leave a legacy of unpaid expenses for your family to deal with.
The Protection Plan has been designed provide an immediate tax-free payment to whoever you decide on your death. It helps you maintain your family’s standard of living and keep your children in their current school and fund their future needs.
The Whole of Life Plan has been designed to help you protect your family from the financial costs when you die, such as funeral expenses, taxes and other duties. It can also be used to help maintain your family’s lifestyle or simply to leave as a legacy.
The Funeral Expenses Plan is designed for those who would like to provide a lump sum on death in order to help provide for the cost of their funeral.