During this highly unusual and unprecedented pandemic Covid-19 period, Life Insurance (and Life Protection) in general has been featuring heavily in forums and in the news in general. In order to protect your loved ones against the unpredictable, like Covid-19, having life insurance is invaluable.
If your family – or indeed anyone- is dependent on you financially, would they have enough money to live on without you? Would they be able to maintain the lifestyle they’ve become accustomed to if you were no longer able to provide for them as the main breadwinner? Unfortunately the Corona virus has made many people re-assess and re-evaluate their lives. Now more than ever the indiscriminate nature of this virus has made people aware of their mortality and has forced many to ask the questions posed earlier in this piece.
Although the world as we knew it has changed for the time being, it is still possible to obtain insurance cover for life, critical illness and longer- term disability cover. In this respect not much has changed. Speaking to an experienced broker will allow you to understand fully the process involved during the pandemic period and a broker will be able to guide you through any additional questionnaires that might be required as a result of Coronavirus. It is pretty much business as usual as well known and trusted Life Insurance, Critical Illness and Total and Permanent Disability providers, have adapted to the restrictions enforced on them – such as obtaining medical reports from a GP and the like- in order to continue providing underwriting and cover to individuals and businesses alike.
By talking with an experienced and reputable broker who has access to a broad range of underwriters, you’ll be able to obtain help with working out any needs that may arise should either parent die or suffer a life threatening or long-term illness. For example you will be able to understand your family’s regular income requirements moving forward including taking into account things like specific lifestyle needs- for example school fees, university fees and the like- as well as the more obvious requirements such as clearing debts, an existing mortgage or paying for funeral costs. In the case of a life changing accident you may need to make alterations to your living space.
Of course you can go online to access life cover, but there is no difference between the premiums you pay online and the premiums a broker quotes you. What you will get however is an experienced professional to speak with and meet with- when we’re allowed to – who’ll be able to give you the peace of mind you need.
If you have questions on your Life Protection policies or fact any finance issue concerning you or your family feel free to contact us at info@iaeinsure.ae or call +971 4 396 1878 for a FREE no obligation quote. Visit us at www.iaeinsure.ae
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