Why you need life insurance
What would happen in the event of your death isn’t something many of us want to think about. It is something you need to think about though if you want to make sure your loved ones’ future is secure. As a team of experienced life insurance brokers, we specialise in finding tailored life insurance policies that meet every customer’s unique circumstances.
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Why Choose Go Protect Me?
As 5* rated brokers for life insurance and income protection insurance, we are dedicated to providing each and every customer with the best life insurance policy for their needs. Here are some reasons to use us.
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Why do you need life insurance?
Leave your loved ones financially secure
Life insurance ensures that your family and dependants are financially protected if you are no longer there to provide for them. This can cover living expenses, mortgage repayments, education costs, and other essential needs.
Debt repayments and funeral expenses
A life insurance policy can help pay off any outstanding debts, such as mortgages, personal loans, or credit card balances, relieving your family from financial burdens during a difficult time. A policy can also cover funeral costs.
Peace of mind
Knowing that your family will be taken care of financially gives you peace of mind, allowing you to focus on enjoying life without the constant worry about what might happen if you are no longer around.
How much does life insurance cost?
Monthly life insurance premiums are determined by a range of factors:
Age
How old you are when you take out a policy will determine how high your monthly life insurance premiums are. Generally, the younger you are the lower your premiums will be.
Health and Medical History
Your current health and medical history play a crucial role in setting your premiums. People in good health with no history of serious illnesses typically enjoy lower premiums.
Lifestyle
Some lifestyle choices, such as smoking or engaging in high-risk sports or activities, can increase your premiums. If an insurer feels your lifestyle puts you at a higher risk of dying, then this will be reflected in your life insurance quotes.
Occupation
Your job can affect your premiums, especially if it involves hazardous activities or environments. Working in a high-risk occupation may result in higher premiums due to the increased risk of death.
Level of cover and policy term
The level and term of life insurance affects premiums. If your cover amount is higher and/or your policy term longer, your premiums will tend to be higher. When you talk to an insurance broker about life insurance, you can discuss how changing these can reduce your costs.
Type of policy
Different types of life insurance policies, such as term life, whole life, or critical illness cover, come with varying premium levels. The choice of policy should match your specific needs and financial goals.
Deciding to find a life insurance broker can help to reduce monthly premiums as they are aware of the factors that impact premium levels. Using Go Protect Me to make life insurance comparisons on your behalf, ensures that you get all the benefits of life insurance at the most cost-effective price.
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Combined life and oncome protection insurance
For comprehensive financial security, consider combining income protection and life insurance. While life insurance provides a lump sum to your beneficiaries in the event of your death, income protection insurance ensures you receive a regular income if you are unable to work due to illness or injury. As income protection insurance specialist, Go Protect Me are particularly well-placed to ensure you get this robust protection for both you and your family, covering a wide range of potential financial challenges.
Expert advice from Go Protect Me
Making sure you get the most complete life insurance benefits you can in a crowded market can be tricky. Choosing Go Protect Me gives you access to the best life insurance companies across the whole of the market. Whatever your personal circumstances, our team will find you the life insurance cover you require.
Contact us today to discuss your needs and receive personalised advice.
Complete financial health check
Get added value from Go Protect Me with a complimentary financial review. Our Client Relationship Managers can look through your current financial situation and offer advice for everything from savings to tax reduction. There’s absolutely no obligation from you.