Is Life Insurance Really For You?

I was recently commission by Sunlife to give my thoughts on the following topic.

Insurance is one of life’s many costs that doesn’t come easy, and most of the time you don’t appreciate having insurance until you actually need it. 

Life insurance is one thing however that you can’t look back on retrospectively because if you don’t have it then you’ve lost your one and only chance to help those that you leave behind. Although it’s not the most euphoric of topics, life insurance is vitally important. 

As a population, we are living longer lives thanks to the increase in medical knowledge and technology, however these are not healthier lives, with many people living longer with chronic conditions than ever before. 

What do I Need to Look Out For?

Picking the right type of insurance is important, giving you and your family peace of mind if anything had to happen. 

There are several aspects that you need to consider before choosing life insurance cover. It’s an important decision to make and not something that you should take lightly. There are a host of insurance providers out there and you need to make sure that you choose the right one for you.

You need to make sure that you are choosing an affordable plan which suits your circumstances. Some plans pay-out a certain amount and therefore over paying for your plan won’t benefit anyone. 

You also need to consider your current medical conditions as this could have an impact on the cost of your insurance premium.

Who are SunLife?

SunLife is one of the UK’s leading insurance providers, starting in 1900 and continuing to support people with life insurance through the years. 

SunLife pride themselves on their popular over 50’s life cover.  They offer a no medical life cover offer for anyone over the age of 50, giving you plenty of time to arrange everything you need to. 

The over 50’s life cover plan gives you peace of mind that you won’t be leaving your family behind with nothing, as SunLife guarantee a lump cash sum is paid once you pass away. This cash can help with your funeral costs, and starting at only £3.70 a month, it’s a small price to pay.

Alongside paying for funeral costs, having life insurance cover means that your family can choose to spend the money how they wish. Meaning that you can gift your family a holiday, the chance to buy some special gifts or even to help cover any debt that you have left behind. 

How do I Apply?

Many people are apprehensive about applying for life insurance or decide that they don’t need life insurance at all. Life is full of surprises, so organising life cover at any age is an important decision. 

With SunLife as long as your between the ages of 50-85 you are guaranteed to be accepted for life cover, there’s no medicals and the process is easy and quick, meaning you can spend your time on the more exciting things. You can even find yourself with a free £100 gift card as a reward for signing up here.

 What Else Do SunLife Offer?

SunLife don’t just focus on life cover, and with over 800,000 policies taken out in the UK, there’s something available for everyone. 

With the prices of funerals skyrocketing across the country, saying goodbye can sometimes be very expensive. With SunLife’s Guarantee Funeral Plan you can set up plan for how you’d like your funeral to be, paying into a monthly plan to ensure that your funeral costs are guaranteed to be covered. It’s one of the most affordable ways of paying for your funeral, and it means that it’s one less thing for your loved ones to worry about. 

Perhaps you are looking for Home Insurance? SunLife also have over 50’s Home Insurance cover, giving you the flexibility to cover the building, contents or even both. Home Insurance is not limited to the over 50’s however, with plans available for anyone aged 18 or over. 

It’s important that your most prized possessions are covered with insurance, should the worst case scenario have to happen. SunLife offer a variety of other plans, that are not restricted to the over 50’s.

The UK is a pet friendly nation, with recent polls stating that many pet owners would rather spend more on their pet than themselves. SunLife offer affordable pet insurance to cover you for any unexpected vet bills, keeping your furry friends safe without breaking the bank. Both cats and dogs can be insured under SunLife, and with an easy set up process and direct debit plan you’ll sleep peacefully knowing that you can quickly make a claim if anything had to happen to one of your pets. 

Alongside the host of other insurance plans, SunLife also offer car drivers the chance to save money on their insurance costs. 

Car insurance is increasingly becoming a more important cost in a persons annual expenses with the average person paying £500 per year. SunLife can quickly give you a quote to see if you can save money with them.

Although insurance isn’t the most exciting topic in the world, it’s obvious to see how much of an impact it can have on our lives. Imagine not having car insurance and being involved in a crash, or even passing away and leaving your family behind to scrape the costs together, it’s not worth thinking about.

You may be thinking that you don’t need life insurance cover at the moment, but the sooner you set up a payment plan the quicker you’ll see the benefits of it. It’s important not to consider getting life insurance as a form of defeat, or even admitting how old you are, but rather as an important step in your life, ensuring that you and your family are prepared. 

If SunLife is something that you are interested in and would like to gain more information about, you can check them out here, with more information available for Life, House, Car and Pet Insurance.