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The simple answer is the sooner the better. Taking out life insurance is one of the most responsible things you can do to safeguard your family’s financial future. It protects a family financially in the event of the death of a parent and means funds can be made available for loved ones, sometimes even in the event of a terminal illness. But life cover isn’t only about protecting your children’s financial future, those who do not have children may choose to take out life cover to ensure their partner is taken care of financially in the event of their death.

There are four main life events that usually trigger someone to buy life insurance. The first is buying a new home.

Buying a new home is a stressful time, especially if it’s your first step on the property ladder. The weight of having you and perhaps your partner’s financial future tied up in a property can be overwhelming. So this can be an ideal – and reassuring – time to buy life insurance, which can be used to pay off your mortgage should something happen to you or your partner. It also means your loved ones should not have to face the double trauma of losing both a family member and the family home.

The second trigger event for buying life insurance is formalising a relationship through marriage or a civil partnership. If you’ve just sworn your undying love to someone, it goes without saying that you’d want to make sure they’ll be financially secure in the event that something happens to you. Life cover can help to provide that financial security.

Responsibility is the key word when considering life insurance. Having a child to care for brings a whole new dimension of responsibility to your life, and as such this is the third key motivator for those buying life insurance. Making sure there’s a financial safety-net in place to protect your children is often of the utmost importance to any new parent.

The fourth reason is divorce. Sometimes after a divorce people come to fully appreciate their financial worth and the need to keep their loved ones financially safe more than ever before. Also if divorce leads to the cancellation of a joint life cover policy the individuals involved will need to arrange new cover separately. But why wait for one of these trigger events, when you could arrange life insurance now?

Certain factors can increase your life insurance premium, such as age, a poor medical history, a high-risk occupation, participation in dangerous sports, or if you use tobacco products. But in the event that any of these apply to you then surely it’s even more important to protect your loved ones financially.

So if you’re currently one of the 20 million people in the UK without life insurance, why not go online to find out more.

Greenbee offers a range of insurance services selected by the John Lewis Partnership. These include: home insurance, online life insurance, car, travel, pet, wedding, event, life and buildings and contents insurance products. Customers can visit http://www.greenbee.com for further information.

Greenbee PR
Josie Anderson
171 Victoria Street
London
SW1E 5NN
United Kingdom
0207 592 6677