February 16, 2022
“It Won’t Happen to Me.”
Life Insurance and Critical Illness Cover - Why it’s important to expect the unexpected.
It’s the time of year when we’re all trying to get straight with our finances after the expense of the festive period. We may even start optimistically planning things for the year ahead. We all know how difficult it can be to experience financial challenges. Payday at the end of January can’t come soon enough as those credit card bills and bank statements come rolling in. Having the financial security to cover our bills and outgoings is a significant factor in our well-being. We take out insurance policies for our valued possessions such as our phones and house contents to bring us peace of mind. We take out cover for our pets and buy holiday insurance. We insure our cars and our businesses, but the most valuable thing often gets overlooked; our lives.
As humans, our brains are wired to respond to an absolute and immediate threat. If something ‘might’ happen or ‘possibly could’ go wrong, then the natural thing to assume is that it won’t. Maybe it’ll happen to other people, but not to us.
This week marks Cervical Cancer Prevention Week. The average age of diagnosis of cervical cancer is just 50 years old. Everyone knows someone that has been affected by some form of cancer; such is its prevalence in our lives.
There are two different types of insurance policy; life cover and critical illness. Life cover is about protecting the future financial security of those closest to you. A lump-sum payout will ensure that your family is taken care of financially in your absence. Critical illness cover is about providing protection if you become seriously ill, ensuring that saving your life doesn’t cost your life savings. Serious illness can affect anyone at any time. Have you thought about how you would continue to pay your bills if you could not work long-term?
There is a new role and increased relevance for these insurance policies, particularly in the Covid era. The past two years have taught us that life is fragile and unpredictable. Many of us are living increasingly sedentary and unhealthy lifestyles. We are all vulnerable and susceptible to illness, particularly as we age. Tragedy always happens when we least expect it. Think about the people in your life who depend on you. Having a life insurance policy is your biggest and strongest safety net for reducing financial stress during difficult times. What if you experienced a significant drop in income during treatment or the long-term recovery from a serious illness. Could you rely on your employer for financial support? We should all strive to protect what matters to us the most. Even if you don’t have any financial dependents, critical illness is a good product for your peace of mind.
With life cover and critical illness, you have the opportunity to be prepared. You have the choice to protect yourself and those important to you, giving you an element of control against the what-ifs and the maybes.
At Castiel Winser, we are here to help you prepare for life’s biggest challenges. Our expert advisors can assist you with all of your personal protection insurance requirements. We will make it quick and easy to get the cover you need. We know the life insurance and critical illness markets inside out and will help you find the right product at the right price. A relationship with Castiel Winser is a relationship you can trust.
The harsh reality is that in the time it has taken you to read this, 4 people under the age of 50 have died of a heart attack, and 1,000 people have been diagnosed with some form of cancer. Life is full of uncertainties. We’re not bulletproof, nor are we invincible. Insure your life, give yourself the protection you deserve against critical illness. Safeguard yourself and those you love from emotional trauma and financial stress. It won’t cost you much if you do, but it could cost your loved ones dearly if you don’t.