Life insurance transfers the financial risk of your death from your family to an insurance company.
Making proper financial provision will safeguard the financial security of you and your loved ones. This includes putting in place adequate life insurance to clear any debts, provide for loss of income and special requirements including funding children’s education, or other major financial commitments.
It’s a simple fact that we all die, we just don’t know when it’s our turn. There’s an old saying “it’s better to have the money and not need it than need it and not have it”, that sums it up nicely.
We insure things that are easy to replace like our car and home contents, but replacing a loved one is impossible and so having adequate life insurance is financial common sense in case the unthinkable happens.