insurance provides cover to replace your
main income when you cannot work because of sickness or injury.
This cover is generally a relatively short
period of time, perhaps one to six years, very few companies offer
income protection insurance over the age of 65, and its even harder
to find lifetime cover.
The priority for developing families should be holding onto the
assets in the event of misfortune.
The main factors to be considered when buy
term life insurance are working out the
amount of insurance cover, how much
of that risk you will take upon yourself - " self-insurance"
- and how much you will pass on to an insurance company.
Term life insurance pays the contracted sum when a specified
- usually when you become terminally ill or die. It will
provide the money needed for living expenses to your spouse and/or
children, such expenses may include, college fees, debt, funerals,
Life insurance should be taken into serious consideration by
people who have financial commitments such as debts or dependents.