Life Insurance is the ‘cornerstone’ of personal insurance protection. It is an important aspect in building financial security to ensure that the people dependent on you are protected against the unexpected.
Life Insurance pays an agreed ‘lump sum’ payment in the event of death or the terminal illness of the life insured. The premium is based on your age, sex, smoking status, and the sum insured. Once established, the sum insured will generally be indexed in line with inflation.
So how much is enough? Factors that you should consider may include:
- The repayment of all household debt.
- Funds to pay a commitment to an external business or person.
- The cost of education and care for any children.
- The amount of potential household income that needs to be compensated by premature death.
As our lives change, it is important to review your life insurance to ensure that it continues to meet your needs.
Our advice can assist by ensuring that a sufficient amount of cover is selected to meet your needs and that the policy is structured so that any funds end up in the correct hands.
LEA Insurance Group believe that our customers, and satisfaction thereof is cornerstone to the success of our business. To this end, LEA Insurance Group cultivate a culture of premium customer service and product knowledge. We proudly uphold the Insurance Brokers Code of Practice.
Contact one of our experienced advisors now to tailor a flexible package for your life insurance needs. We are more than happy to assist you with a no cost, obligation free life insurance quotation.
FINANCIAL SERVICES GUIDE
The importance of reading our Financial Services Guide
When we provide advice or work for you, we recommend you read our Financial Services Guide (FSG). The FSG contains information about the services we offer, how we operate, the commissions we receive, how we deal with customer complaints, and any interests, associations or relationships we have with insurers.
It is important that you know that we work for you: our client. If you have any further questions, please speak with one of our advisers. You can download our Financial Services Guide here.