The care insurance specialist

The Importance of Life Cover

Life Cover

Have you ever thought about what would happen to your business if you or another key individual could not fulfil their roles?  What contingency plans would be put in to place?

Consider how the business would function without that input, would someone be able to step into your shoes, carry out ALL of the tasks you perform and continue to grow the business?  Or would it suffer, financially, as a result? 

Contemplate how your family could be affected. Would they be able to cover the mortgage payments and live comfortably? Have you taken out any loans to set up or grow your business that are backed by your family’s assets e.g. your home?

Life Insurance is an essential cover for all business owners as their death could be a catastrophe for those that depend on them.  There are a number of policies that can be taken out by the company to protect your family or the business and give you that peace of mind. You may already have some cover in place but if your circumstances have changed since you took the policy out, it may no longer be sufficient.

 

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