Life insurance payouts will keep your family afloat!
In 1912, when the ‘unsinkable’ Titanic hit an iceberg and sank, accident and life insurance companies lost almost $3.5m, with the tragic accident leading to some of the largest insurance payouts ever.
Of all those who perished, Herbert F. Chaffee of North Dakota held the largest life insurance policy. His beneficiaries received $146,750, equivalent to around $3.9m today.
Recent events have taught us that life insurance is just as important in 2020 as it was over a hundred years ago. The pandemic has led to the loss of more than 40,000 lives in the UK and over 890,000 globally. Many grieving families have been left financially devastated.
Life insurance is often cheaper than many people think and ensures your dependants will be financially secure should the worst happen. It’s not worth leaving your family’s future to chance.
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We are responsible for advising you on the most suitable protection for your circumstances. Please get in touch; we have our finger on the pulse in this evolving environment and can assist you to navigate any challenges. We are qualified advisers with in-depth knowledge of the market and are able to look at a whole range of products. Getting a mortgage is one of the biggest financial decisions you will make, so it’s important to get it right & protect it.
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The above article is purely for information purposes and does not constitute advice.