No thanks, I’ll leave it for now…

How many times must people say that when they are asked about taking out life insurance?

I usually ask customers when I am sorting a mortgage for them because it just makes good sense.

It isn’t that I’m trying to “upsell” them something additional to add a cost to their mortgage. It is something I genuinely believe they should have to protect themselves for the future.

People don’t hesitate to take out insurance for other things – their car, house and contents, even a mobile phone. But ask them to insure their own life and they hesitate.

The reason is pretty obvious. People – and in particular the young – don’t think or don’t want to think that anything bad is ever going to happen to them. It’ll never happen to me, seems to be the conclusion they reach. Sadly, it can and does happen to us, young or old, when we least expect it.

And if the worst happens, what will happen for your partner or for any family that you have?

If you died, how would they pay the bills, even keep a roof over their heads?

I always ask customers: how would you pay the mortgage, the bills, the shopping, gas and electricity?

Life insurance pays out when you die and protects people against disaster. And the great thing about it is, that it is pretty cheap, especially when you are young, it can be the cost of your favourite high street coffee each week. That’s not a lot for the peace of mind of knowing that your loved ones are protected if you die.

At the very least people must protect their mortgage, so at least that cost is covered.

Another of the things that can put people off life insurance is that there are different policy types – whole of life, term insurance, decreasing term, increasing term and so on. It’s important to get expert, personal advice to ensure you choose the right policy that fits your needs.

For a free, no obligation discussion on any insurance or mortgage-related issue, please give me a call on 01723 384558 or 07767 692 653 or email me at mgrayshan@googlemail.com