1. How much life insurance do I need?

Generally the amount of protection you need is a combination of what it would cost to help your surviving family members and dependents meet their current needs (like taxes, food, clothing, utilities, mortgage payments, etc.) plus future obligations (like education fees and retirement funding)

2. Who should have life Insurance?

  • Were you recently married
  • Were you recently divorced
  • Had or adopted a child (or became a grandparent)
  • Have children or grandchildren who intend to pursue tertiary level education
  • Provide care or financial help to a child or elderly parent
  • Received an inheritance
  • Retired or your spouse has retired
  • Started a business
  • Changed/lost your job or salary

3. Why buy life insurance?

One of the most important reasons to purchase life insurance is to ensure your loved ones are provided for financially. Life insurance is also useful in helping your survivors pay bills and debts after your death, as well as covering funeral expenses. It may be used for wealth accumulation and distribution as part of an overall financial strategy.

4. How can I save money when buying life insurance?

5. What if I already have insurance coverage?

Even if you already have a life insurance policy, it’s a good idea to review it periodically to make sure it still meets your overall needs. There are times in life you need to take a look at your financial situation, such as if you:

  • Were recently married or divorced
  • Had or adopted a child (or became a grandparent)
  • Have children or grandchildren who are about to enter college
  • Provide care or financial help to a child or elderly parent
  • Received an inheritance
  • Retired or your spouse has retired
  • Started a business
  • Changed/lost your job or salary