Who needs life cover? Choosing whether or not to take out a life cover policy can be a hard decision. It can seem like a big monthly investment, but it can be one of the most effective ways to care for your loved ones after you’re gone.

If you’re trying to figure out if you need life cover or not, ask yourself these two questions:

• Would the people who are dependent on me have trouble making payments for mortgages, tuition fees, general expenses etc. when I’m gone?
• Would my death have a negative financial impact on my dependants?

If the answer to either of the two questions is yes, you’re probably one of the people who would benefit from getting life cover.

Here are some other events that might make you someone who needs life cover:

• Your family is growing

When your family starts to grow and you have more people that are dependent on you, you might start worrying more about what will happen to them if you die.

Getting life cover means that, even if something bad does happen to you, they’ll be looked after financially.

Life cover can give you the peace of mind that no matter what happens, your loved ones will always be OK.

• You have a large amount of personal debt

If you have large amounts of personal debt, you might be worried about the financial burden you’ll place on your family in the event of your death.

Having a life cover policy can go towards paying off this debt and can support your partner in the future if some of your debt is in their name too.

• You’ve just brought a new home

Buying a new home is a fun and exciting time, but it can raise some issues about leaving your partner to cover large mortgage payments by themselves if anything happens to you.

Signing up to a mortgage is a huge commitment that can take years and years to pay off, so if you were to unexpectedly die, it could cause huge financial pressure for your partner – which could be eased with the help of a good life insurance policy.

Trusted life cover from Sterling Capital Group

If you think you might need a life cover policy, talk to a trusted policy provider like Sterling Capital Group.

Our team of experienced life cover insurance policy advisors will be able to help answer any of the questions you may have. From covering the basics of what life insurance is and how you can figure out what to look for in a life cover policy,

To speak to an expert, get in touch with us today.

Who needs life cover?

Taking out a life cover policy is an important decision for anyone as it can affect what happens to your loved ones when you’re no longer around.