The basic princiole of a financialan is that people should think about protection first, for their immediate requirements, should things go wrong in the near future. But unfortunately, the emergency fund is often forgotten because it is thought of as only “rainy day” money.

The significance of having one in place means that your immediate liabilties are taken care of in the event of IIl health, loss of a job any significant expenditure that you do not have the capital to cover. Some people think of their Credit Card as the emergency fund, which in some cases is fine; others think of it as a debt and thereforeforrore steer clear of this option.

Plan for the future before taking care of the immediate needs is somewhat “cart before the horse” techrique. If you have the unpredictable covered first, you can budget for the predictable events in your life.

So we would like to remind you of why Life Insurance can be an invaluable starter on your financial journey with us.

Family Protection

Life insurance can be a simple answer to a very difficult question,”How will my family be affed financially when I die?” This is a subject none of really want to think about, but if we have someone financially dependent on us, it’s one we really can’t avoid.

The purpose of life insurance is to pay a lump sum benefit after you die, providing your loved ones with financial security should the unthinkable happen. Life insurance can pay for your family’s ongoing living costs, to settle estate taxes, mortgages or other outstanding loans, to cover the remaining cost of your children’s education or any number of other essential expenses.

Whether you have already established a solid financial base for your family-a home, savings and investments-or you are just staring out as a new family with all these goals in mind, life insurance the foundation upon which it all rests. Having this foundation can protect family from having to make drastic lifestyle changes or future plans if you were to die suddenly.

How much cover do you need?

The most important (and possibly difficult) part of buying life insurance cover is determing exactly how much cover you need. As each person has different goals, financial and personal circumstances, there is no general standard for how much each person should buy.

We suggest you consult with vour financial adviser or insurance broker and review your personal and family circumstances described earlier.

Of course, if you don’t already have one, we would be pleased to offer you our time and assistance in anging quotations for you to consider.

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