Thanks to the wonders of the internet, it’s never been easier to arrange and compare life insurance online. Over the years, life insurance brokers and providers have streamlined their application processes, so nowadays, it can take as little as 20 minutes to set up a policy online.
Whatever stage of life you’re at, there’s a variety of options and policy types available to suit your needs. Do keep in mind though, that it’s important to choose the right policy for your individual needs, as choosing the wrong policy (or not understanding the policy) could leave you underinsured.
In essence, if your children, partner or other family members depend on your income to cover their living expenses (and the home they live in) you should definitely consider life insurance to help provide for them in the event of your death. You can’t rely on the government to take care of your family – the money they would get from the state is probably much lower than you’d expect.
At Cavendish, we’re committed to providing our customers with all the information they need to make an informed choice about what kind of policy will be right for them.
To apply for the type (and level) of life insurance you need, it’s important to take on board your individual circumstances, like savings, mortgages and existing credit arrangements in place. As everyone’s situation is different, so is the type of protection you’ll need - depending on your personal situation and what stage you are in life. Your age, health in general (including if you smoke) and whether you’re married are just a few factors that will be considered when applying for cover - determining how much your monthly premium (payment amount) will cost.