By buying separate policies for you and your wife, husband, or partner, you ensure each of you is getting the best rates for your specific health profile, age, and gender. Pros & cons of joint life insurance
However, life insurance is an important part of the discussion, especially when children are involved, because it can provide years of financial protection for those children and for one or both spouses. Working through life insurance aspart of a divorcedoes require some effort, as decisions need ...
Most families have coverage on both husband and wife. There are many financial pressures on a family after the loss of either parent. Beyond the obvious final expenses, the financial strain on a family can be significant, even if the deceased spouse wasn’t working. The surviving spouse may ...
It can be useful if you have dependants who rely on your income - for example to pay the mortgage or other bills. This could be a wife, husband, partner or children. The money can help them pay off the mortgage or cover other recurring expenses so there are no additional disruptions to...
Daniel is incredibly responsive, and incredibly thorough. My husband and I had a LOT of questions for him, and trusted him to quickly give us the detail we needed to make the best decision for life insurance. I highly recommend working with him!
If you’re considering converting a term life insurance policy to a permanent one, be sure to evaluate the cost of converting from term to permanent life insurance. For those with combined term insurance for husband and wife, it’s beneficial to explore companies that buy term life insurance ...
company directors of small limited companies. In the majority of cases the husband and wife already have life insurance paid for either from pre-taxed income from their personal bank account, or in other cases the limited company pays and the directors get a P11D benefit in kind for the ...
Here are some of the things that we suggest for you to ask yourself: Are you the sole breadwinner of the family? And if anything happens to you, will your spouse need to work again to support the family? If you sustain a total permanent disability, can your husband/wife support you?
A husband and father of two is the majority wage earner in his family, with a wife who works full time. He has an annual salary of $80,000. The family has a remaining mortgage balance of $100,000, a $7,000 balance on a personal loan, and $5,000 in credit card debt. The mortg...
The same reason for buying life insurance when getting married applies to when you have children. In short: If you have people depending on you financially, whether that's a husband or wife or children, then life insurance is worth having. This will ensure there are no financial issues if ...