The aim of life assurance cover is to provide money for people who financially depend on you. For example, if you still have a mortgage, if you have children or if you have business debts.
If there is no one who will be financially distressed by your death, life assurance is probably not essential, though there are other reasons why it would be useful.
These days, for people of working age, good health is the normal state, and few people consider what would happen if , due to ill health, their career was interrupted or even stopped. There are a number of insurance covers that can help you should you fall ill, including:
- Critical Illness Cover
- Long term care
- Income Protection
- Medical Insurance