Why Do I Need Insurance?

Have you ever stopped to think what might happen if you are unable to work due to health reasons? What if you were to die? Would your family or business be able to take care of itself? Illness and death is not something most of us like to talk about. Many people think "It won't happen to me". Therefore few people take appropriate steps to ensure they are sufficiently protected.

Life insurance is there to provide you, your family and your business financial peace of mind in case of an illness or injury. Fortunately, life insurance doesn't just cover events that result in death. You can also apply for various covers that can provide a source of income for you, your family or your business if you are unable to work due to illness or injury. This cover can be paid in either a lump sum or as ongoing income, depending on which policy is taken up.

Whether you are single, married, have dependents or run a business, life insurance can play a crucial role in ensuring protection and providing financial peace of mind for you and your loved ones. Life insurance can help to:

• Provide support for dependents
• Cover any rent or mortgage obligations
• Payout debts or credit cards
• Cover estate costs
• Pay out of pocket medical expenses
• Help with covering ongoing living or business costs

Speak to your IAFS Financial Adviser about which insurance is right for your situation.