Why Life Insurance Cover Is Important

If you want to deal with unexpected future events in a smart and positive way, then buying life insurance for your family could be of your interest. You could never be certain about your future thus need to be prepared in case of any financial implications or sudden death of an important member of a family. It is never easy to deal with such crucial times but buying life cover for your family could definitely help you in this regard.

Life cover plays a significant role in making sure that people close to you will not be left stranded with piles of responsibilities such as paying bills, funeral costs, higher education cost, marriage expenses or medical fees. It ensures that your family would have rather enough money to carry out respectable life in society.
Mostly, man acts as a main provider or breadwinner but sometime woman is required to carry out both roles as a housewife and an employee. Thus, have you ever wondered if something happens to the protector of your family? Money could however, never replace our loved ones but it would help us in living the rest of our lives in a proper manner without having to face trouble. This is why family life insurance cover is important.

It has also been found statistically that women tend to have longer life span if compared with men and as in most of the families, man acts as a breadwinner so you need to protect your family with the help of life cover where they would have a great protective shield in the event of your passing.

Most of the insurance companies offer 10 to 30 years life cover but it is always recommended to go for 20 to 30 years coverage rather than 10years. The chances of your death would be lower in the first 10 years and if nothing happens to you then you might end up losing all your premiums and get nothing out of it. You could however always renew your life insurance policy and gain coverage for additional years.

You will not have to get worried about your family in the event of your death and could get peace of mind by utilizing great coverage offered by the life insurance policy today. However, you need to make sure that you only go for an insurance company that holds strong and verifiable financial base so you could be assured of dealing with a professional insurance service provider.

Are you paying too much for your life cover?
How does your BMI impact your life insurance rate?

Our proprietary life insurance and critical illness cover comparison Wizard® makes it possible to quickly compare the cost, features, financial strength of hundreds of life insurance companies.

We also take into consideration important factors such as your BMI.
“Body Mass Index” is a number based on your weight and height.

Our BMI calculator measures your weight in relation to your height in order to present you with a number that is closely associated with measures of body fat. In general, the higher the number, the more body fat a person has. BMI is used by healthcare professionals and life insurance companies to assess a patient’s health risk. This has a very strong impact on your life insurance rate.

BMI classification

As per BMI’s classification, your weight can fall into one of
the following categories:
– Underweight: BMI is less than 18.5
– Normal weight: BMI is 18.5 to 24.9
– Overweight: BMI is 25 to 29.9
– Obese: BMI is 30 or more

The life cover quote is provided to you absolutely free and you are under no obligation. Once you have your best quote you are free to choose whether you wish to process your application or go directly to the insurer yourself.