Over recent years Life Insurance has become increasingly affordable, though this can be a complex subject to approach. Most life insurance policies serve the same basic purpose – a helpful cash payout in the event of the policy holder’s death, or if diagnosed with a critical illness. There are however near-infinite variations and optional add-ons to consider which is why expert advice is so important.
Contrary to popular belief, it’s never too early to begin protecting your future and those closest to you. The earlier you begin paying into a policy, the lower your monthly premiums and the higher the potential payout. Applicants of a young age and in excellent health in particular stand to benefit from agreeable premiums and generous terms.
Even in later life however, to take out a life insurance policy is to benefit from extraordinary peace of mind. Life insurance represents the kind of product we all hope we’ll never need, but when the time comes, it can be a genuine life-saver in its own right.
Personal Family Protection
Many of us fail to appreciate the financial risk associated with ill-health, incapacity or death. It is often the case that, for those of working age, our ability to work (that is, our human capital), is our largest ‘asset’.
What would happen, for example, if one person in a couple became unable to work as a result of ill-health? How would the family cope financially? The consequences of, for example, not being able to meet mortgage repayments as a result of lost income may be significant.
At CAM Wealth we are able to advise across the three types of insurance protection policies that can be used to ensure financial stability and manage risk, including Income Protection Insurance (IPI), Critical Illness Cover (CIC) and Life Assurance.
Contact CAM Wealth on 0151 832 0832*
to discuss your requirements,
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Alternatively you can email us at info@camwealth.co.uk
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