Who – To be honest, life insurance should be taken up by everyone, not just parents. If you have any financial obligations, such as loans and mortgages, you really should consider life insurance. One of the roles of Dad is to provide. If death occurs, that provision is taken away – unless you have the correct insurance in place.
What – Life insurance is designed to protect your family after your death. Life insurance policies pay out a cash sum to your loved ones if you die while covered by the policy.
Where – You can get covered anywhere, from an international insurance broker to a freelance insurance specialist. The great news is there are many options available to you. We would recommend speaking to a professional, who can advise on a specific plan, based on your age, dependents and financial commitments.