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Insure and Protect
Why do you need life insurance and protection cover?
Put very simply, in an uncertain world, life insurance or protection is essential if you wish to protect those you love from financial hardship should you be unfortunate enough to suffer an untimely death or a serious illness.
If you have dependants and financial commitments (mortgage, loan, etc), you'll want to cover your family's living expenses if you are no longer able to financially provide the food they eat, the clothes they wear, the roof over their head, their education, the car they need - both now and in the future.
What types of protection are there?
There are many insurance policies and many differences between them, so it is often difficult to understand which one will suit you best. But to keep it simple, there are three main types:
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