What would happen to your family if you died?
The last thing you want them to be worrying about is money.
Although it's not pleasant to think about, what would happen to your family if you were to die? Could they afford to pay for essentials such as:
1. It protects the people who depend on you financially
Many of us have spouses, children and even parents who rely on us financially. Ensuring you have adequate lie insurance means they are provided for if something were to happen to you.
2. It guards against unforeseen events
We never know what is around the corner, and there has never been a better time to get life insurance than today, every day you leave it your premium will increase. Therefore regardless of your age, marital status or position in life, it's important to ensure you have life insurance.
3.It can wipe out debt
Even if you pass away, your debts will need to be repaid from your estate, therefore life insurance can cover these debts.
4.Work cover (or gratuity) may not be enough
Many people think that their company offers them life insurance or that their gratuity payment will be enough, however in most cases, the amount they are covered for is not adequate. We also recommend everyone has their own personal cover as if your health were to deteriorate and you left your current employer or needed to leave due to ill health you would be unlikely to be able to take out your personal cover at that time.
5. You may not be covered here if you have a policy from your home country
A lot of people believe that life insurance taken out from their home country will cover them here in the UAE, however this isn't the case for the majority of policies.
Life insurance policies are available for less than you think and can be done as a stand alone life insurance, life and critical illness or critical illness cover only policy.
Want to know more?
Book a complimentary zoom call with one of our fully qualified team of advisors and we can discuss your needs in further detail.
Call our Dubai team on +971 4 567 4500 or visit us at www.finsbury-associates.com.
Finsbury Associates stand out in the Dubai Financial Advisory market for their integrity, experience and client care. They understand each individual client's needs and design unique solutions. There is no pressure to buy "packaged" products and their knowledge of international markets is impressive. I would recommend them to anyone needing financial advice.
Peter Johnson Client