No matter whether you are a 21-year-old bloke who is as fit as fiddle or a 65-year-old woman who has various health issues; you need life insurance. The importance of this simply cannot be stressed enough, however there are so many individuals who overlook this crucial insurance policy.
Many people view life insurance as an income replacer. If you were to pass away, where would your family get the money you were earning from? If you don’t have a life insurance policy in place, then those you love the most can easily end up financially crippled. But what if you don’t earn an income? You still need this type of insurance. If you are a stay at home mum your value certainly isn’t nothing, is it? In fact, many would say it is immeasurable.
There are many reasons why your family may require money from a life insurance policy in your absence. This encompasses everything from childcare to final expenses, such as funeral costs. In addition to this, the grieving period alone can relate to time off work and thus money is required. You also want to make sure your children are secure for the future as well. You may not be there to help with education costs for example, but by having this policy in place you can still do your bit once you are gone.
Life insurance is quite clearly imperative, but what about other insurance policies? It is hard to know what is deemed a necessity and what is not. After all, the number of insurance policy types available in the current day seem virtually endless. However, one other type of insurance policy you should definitely consider is health insurance. This covers any expenses related to illness, injury and other medical conditions.
You never know when an accident may occur. You may be in fine health today, but who knows what may be around the corner? We all like to think it won’t happen to us. But wouldn’t you like to be prepared encase something does? Having an illness or suffering a terrible accident can be traumatic enough without having to worry about the burden of massive costs as well.
You can however opt for a critical illness insurance policy instead of a standard healthcare one. This will cover you in relation to specific medical conditions which will of course be stated in the policy. However, please be aware that not all conditions are covered. Examples of critical illnesses include strokes, heart attacks and certain types / stages of cancer.
Finally, it is highly advised that you seek professional help when it comes to dealing with all of your insurance needs. After all, you want to make sure you benefit from the best policy for you. Taylor Brunswick are experts when it comes to insurance in Hong Kong. They specialise in everything from life insurance to critical illness insurance. The great thing about the experienced professionals here is that they are independent and completely client driven. They will put your mind at ease with their expert service.
