I find it inexplicable that people, without hesitance, insure their vehicle or house but are resistant to insure their own life. Life insurance is crucial to have a sound financial plan and protecting your wealth. Calculating how much life or disability coverage you need and what different benefits are required is complicated.
Autus Private Clients recommend life cover for the following reasons:
- To replace your income (by investing capital), maintain the standard of living you are used to and provide for future expenses such as education.
- To cover any outstanding debt and cover immediate expenses when you pass away
- To provide peace of mind for you and the family if the unexpected happens
Life cover must be considered part of risk planning, including life, disability and dread disease cover, income protection, a regularly updated will, power of attorney, and a living will.
Comparing insurance premiums from different companies is another confusing matter and is best discussed with your Wealth Advisor, that knows a range of different life products.
Therefore, life insurance is essential and critical to ensure a sound financial plan. To ensure that you are not convinced to buy a policy without sound reasons, you must engage in a relationship with qualified and experienced Wealth Advisors to ensure peace of mind for you and your loved ones.
Contact one of our Wealth Advisors, and we will assist you with integrating your life insurance needs into your Wealth and Financial Plan.