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We all have people we care about, and it’s comforting to know that we have people who care deeply about us. But how would they cope if we were no longer around? The death of someone close is going to come with its own difficult challenges, and it’s important that in a period of mourning and loss, life is able to continue as comfortably as possible. No longer being able to meet your financial commitments – such as mortgage repayments, rent, school fees and council tax – can mean that those left behind are severely impacted. That needn’t be the case.
Some people may start to consider life insurance as they are nearing the end of their working lives to provide a legacy for those they love, or at least ensure that the people closest to them don’t have financial worries.
Young people may also see the advantages of buying life insurance policies too. Whether they have started a family, bought a house, reached a milestone birthday or started to think more seriously about life beyond their thirties, many more young people are seeing the benefits of life insurance