INSURANCE - L U C Y & L I V

LUCY & LIV

LEARN / PARENTS / PLANNING / INSURANCE

LIFE INSURANCE

MANY PARENTS CHOOSE TO GET LIFE INSURANCE TO HELP THEIR FAMILY IF ANYTHING WAS TO HAPPEN. SEE THE GUIDE FOR MORE INFORMATION

Life insurance protects your family financially if anything happens during the term/length of the policy

CONSIDERATIONS

Insurance needs
Affordable insurance cover
Insurance policy comparison
Future of your policy
Claim settlement history of insurer

POLICY COVER

Any existing loans
Remaining mortgage payment (if applicable)
Family expenses
Income replacement
Critical Illness
Funeral costs

TRUST

USE 'TRUST' OR 'WRITTEN IN TRUST' TO AVOID FEES

Avoid 40% inheritance tax
Insurance payout of full amount
Payment distributed quicker
May be unable to change policy

COSTS

COSTS DEPEND ON

Age
Health
Lifestyle
Type of cover
Single/joint policy

JOINT POLICIES MAY ONLY PAY OUT ONCE

JUST FOR YOU

BABY PREPERATION

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IF YOU ARE STRUGGLING OR NEED ADVICE ABOUT YOUR CHILD, PLEASE SEEK SUPPORT