It’s at times like these, when we’re facing uncertain times ahead, a possible loss of income, potentially unable to carry out day to day activities due to ill-health, that we look to ensure we’re doing all that we can to keep our finances in the best possible shape.
You’re likely to be looking at that list of direct debits and wondering which ones to cancel and which are essential at a time like this. You may well be hovering over the life insurance entry and questioning if it’s a necessary expense.
But the reality is that your life insurance is one of the most important payments to keep in place, particularly at a time like this. The scale of the pandemic is frightening and provides us with a vast number of unknowns – primarily, how long is this going to go on for?
You’ll no doubt have seen the daily updates providing an up-to-date view of the COVID-19 death toll – a sobering reminder that we’re not invincible, and that anyone can contract it and many will die from it.
If the worst were to happen, you’ll have the peace of mind that your life insurance (which you sensibly didn’t cancel!) is there to pay off your mortgage and protect your family. One less thing for them to worry about at such a stressful and emotional time.
But what if you haven’t yet got life insurance? Perhaps you’re now thinking you should? And you’re probably wondering whether you can afford it currently.
Life insurance doesn’t need to be expensive, not for most people – and there are various options available so it’s likely we can find a plan to fit your budget. It’s a straightforward process and once it’s in place it’s one less thing to worry about.
The team here at Easy Street are here to help so if you need any further advice or would like to know more about applying for life insurance or income protection, please do get in touch.