Coronavirus, Life Insurance, and You

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Posted 24th April 2020 by Lewis Murray

It’s safe to say that nobody would have expected 2020 to turn out this way… bushfires wreaking havoc across Australia, biblical flooding across the UK and a global coronavirus pandemic completely changing our day-to-day lives.

And that’s just in the first 4 months of the year…

It’s never been more important to plan for the future. If anything, 2020 has shown us how unprepared most of us are. Hindsight is a wonderful thing, but it doesn’t equip us with the tools or plans today.

Looking back, did you have a plan in place for something like this? Most people definitely didn’t. And that’s ok! Planning for the future can be difficult.

What’s scary is how our lives can change in the blink of an eye. When the lockdown came into place, everything was different. Working from home became the new normal. Isolating with your loved ones has been both wonderful and difficult.

Did you ever think you’d be queuing outside your local supermarket for the weekly shop? Did you ever consider that you might be at the mercy of an enemy you can’t see? Coronavirus has changed the world we live in and it most likely won’t ever be the same again.

Despite our best efforts, people will always become ill. The common cold has existed for as long as humans have walked the earth. New diseases and viruses are being discovered all the time. The coronavirus outbreak has shown how we are not prepared to deal with the unexpected.

Planning requires a conscious effort; you have to take the time to think about your future. Sometimes it’s not a nice thing to do… nobody wants to think about what will happen to them if they’re no longer around.

Life is unpredictable. Life can be cruel. But life can also be kind. Hopefully, you’re fortunate enough to have people you love; a family, a partner, children. And I bet you would do anything in your power to protect them and make sure they are safe, right?

That’s where having a plan comes into full effect. Life Insurance is one way that you can plan for the future and have peace of mind. This means that your loved ones will be financially protected, no matter what happens to you.

Life Insurance can cover many areas – it can be a lump sum to pay off a mortgage or outstanding debts. It can be an inheritance to pass on to children or grandchildren. It could be for university tuition fees. Or it could pay for funeral costs so that when the time comes, your family don’t have to worry about finances.

Grief is hard enough without worrying about how to pay the bills or rent. A financial security net is peace of mind not only for you but for your loved ones, too. Many of us buy life insurance for this peace of mind and to protect against uncertainty. We can’t know what the future may hold for us, but we can have a plan in place to make it a little easier for those we leave behind.

Life Insurance is simple, so make sure you take a bit of time to protect your loved one’s future, today.

Protection plans with no investment element will have no cash in value at any time. If premiums are not maintained then cover will lapse.