Is Life Insurance Worth Getting ? Top 5 Reasons [2021 UK]
These are what I believe are some of the top 5 reasons as to
The fact of the matter is, we are born on planet earth, we live a life ( hopefully a long good one ) & then we die. As such, life insurance covers a likely eventuality, so ‘ is life insurance worth it UK ? Yes ’.
People should only buy life Insurance because they care about their loved ones. If you do care and don’t want your family & friends to be in a difficult situation if you died, then ‘yes life insurance is worth it’.
Is Family Life Insurance worth it ?
If you do value yourself & your worth to both your family or business, then insure yourself accordingly. For example, if you earned say £35,000pa income. So over the next 30 years (if your wages stayed the same) you could earn over 1 million ie; £35,000 x 30 years. Your family or business could potentially need some protection to help cover their lost shortfall if you sadly died.... so is ’ life insurance worth it. Yes’.
Is Over 50 Life Insurance worth it ?
If you have a mortgage on a home that other’s live in, that means you are responsible for others well being. If you help pay the bills that other’s rely on, that means you are responsible for others well being. If you look after dependant’s, whether old or young that rely upon you, that means you are responsible for others well being..... so ‘yes life insurance is worth getting’.
Is Mortgage Life Insurance worth it ?
Finally apart from the financial sense life insurance makes, it also makes emotional sense. It means you & your family can sleep maybe just a little better at night knowing that you have protected and insured against the worst happening...... so ‘life insurance worth it or not. Yes’.
Is UK Life Insurance worth it ?
Top 5 Reasons ?
You may take out general insurance to cover your house, your contents, your car, your mobile phone.....But Life Insurance more importantly insures the person who pays the bills and owns them ‘YOU’
These Top 5 Reasons are in no particular order, as they say on TV. These above comments all come from having spent over 25 years in the UK Life Insurance Industry as a Financial Adviser & Life Insurance Broker.
I hope you found this brief article on Is Life Insurance Worth it ? interesting & thought provoking.
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Take care of yourself and loved ones
Martyn Spencer | Financial Adviser @ Uk Life Insurance Quotes
Life Insurance > Quotes 15 Secs