Protecting Your Family With Life Search

[AD] There are a whole host of things to consider when we think about starting a family and to be honest it can be a bit of a daunting prospect.

Are we at the right stage in our life to bring a little one into the world? Is our relationship strong enough to deal with the responsibility? Have we got a good support network in place to help us out? Are we in a good financial position?

But it is this last question that I want to talk about today as most people take into consideration the financial position they are currently in, but don’t think more long term or consider what would happen if you or your partner were no longer around.

This is where life insurance is something we should all consider, no matter how old we are as sadly no one knows what could be round the corner and if you have the security of life insurance then this allows you to have a safety next if the worse should happen; and peace of mind that your loved ones will be looked after financially.

So what is life cover? – to round it up it is a payment made to your loved ones if something should happen to you. This is usually made as a one off payment, but some companies such as Life Search offer a family income benefit policy which in my opinion is a much better way of receiving payment.

Family Income Benefit is a bit different to other life insurance products in that it doesn’t pay out a lump sum to your loved ones should you pass away, but instead provides the beneficiaries with regular, tax-free income – either monthly or quarterly, to help cover household and living costs when the main earner isn’t around anymore.

When you take out a Family Income Benefit policy, you choose how long you want your term to last. For young families, this could be until the children are financially independent and would no longer need the income payments.

Loosing a loved one if one of the hardest things anyone could go through, so making the financial side of things easier gives you one less thing to worry about.

Is this the kind of policy you would consider?