How much Life insurance is enough? That’s an expansive question that is entirely subjective, so it’s difficult to provide a definitive answer.
The main thing to keep in mind is how comfortable you’d want your loved ones to be if you were no longer around. Therefore, only you know how much life insurance you’ll need.
Many of our customers want to make sure debts are covered (such as a mortgage) to give financial protection to your family if you were to pass away. This includes the ability to:
Pay off any credit agreements (credit cards, loans, car finance)
Support a spouse/partner
Look after any children you have
Cover the costs of your funeral
You’ll need to consider your circumstances (which are ever-changing) including:
The amount remaining on your mortgage & credit agreements
Your monthly salary after tax
How much you’d want to put towards your funeral
Once you’ve given this information some thought, it’s then really easy to arrange and compare life insurance online. Over the years, life insurance brokers have streamlined application processes, so it can take as little as half an hour to set up a Life Insurance policy online.
Right For You
At Cavendish, we’re committed to providing our customers with the information they need to make an informed choice about what kind of policy is right for them. We have plenty of useful information and guides on our website to help you navigate your way.
Get In Touch
If you don’t currently have any cover in place or you’re unsure if any existing cover you have still meets your needs - the team at Cavendish may be able to help. Apply online for life cover or speak to us today.