Financial Risk
Most families and businesses are carrying significant financial risk should the unexpected happen. The big question you have to ask yourself is: ‘Would your family be able to maintain their lifestyle if you no longer earned an income?’
And, if you own a business:
‘Would your business be able to buy a departing owner’s share of the business if they died or suffered a serious illness or injury?’ And:
‘Would your business be able to cover the loss of revenue and goodwill, and re-pay the debts of the business, if an owner or other key person died or suffered a serious illness or injury?’
If your answer to these questions is no, you need to consider transferring that financial risk to a life insurance company. They have a range of insurances which can help you fund your risk mitigation plan and give you enormous peace of mind – all for a small fraction of the sum insured each year.
