Why do so many people fail to purchase an adequate amount of life insurance?
How would your spouse, child or other dependants survive without your income?
Life is full of uncertainties. That is why providing all the
financial protection for your loved ones is so important. We have a responsibility
to protect those who depend on us with an adequate amount of life insurance protection.
Life insurance can provide those who are left behind with a lifetime of financial
security.
Deciding whether you need life insurance is quite easy. Deciding
how much life insurance you need is slightly harder. A simple rule of thumb is
to take out a cover that is equivalent to five to ten times your annual salary.
For Life
What would happen if you could not bring in the money for the family? Is your
spouse's income sustainable to meet the monthly household expenses or debts?
You need contingency cash to help the family tide over while making their lifestyle
adjustments.
You may have accumulate enough savings and assets to
provide for your loved ones. But accidents can happen anytime. Should anything
befall on you, it might deplete your wealth and you could lose your valuable
assets and possessions.