If you have dependents, such as school age children, a partner who relies on your income or a family living in a home with a mortgage that you pay, having a life insurance policy in place helps give your family the financial protection they need should you pass away.
The emotional burden of losing a family member can be very hard to deal with. If the loss also brings with it financial hardship too, that can make matters worse. Do not rely on the government, your company pension schemes or other relatives to take care of your family when you’re gone.
Contact Swiss Prime International to talk to our expert team and find out more about our life insurance policies.
Many people get a life insurance policy when other people depend on them; for example when you buy a property, get married or have children. Life insurance tends to be more expensive the longer you leave it so in truth, as long as you’re over 18 there’s no best age to get a policy.
The older you get, the chances of you needing to claim increases. That’s why you’ll likely see life insurance premiums increase the older you get. It’s not just age that affects your life insurance policies though. Life insurance policies also take into consideration your occupation, height and weight, smoking status, any dangerous hobbies and your medical history amongst other things.