“You don’t buy life insurance because you are going to die, but because those you love are going to live”
Insurance is a key part of the financial planning process and can be significant to the success of your financial plan. Harry and David will help you to understand the different types of insurance, what coverage(s) you may require, and how having insurance can provide you peace of mind during difficult times.
Life insurance is insurance that pays out a sum of money either on the death of the insured person or after a set period. It is an important method to protecting dependents and loved ones live a similar life after the death of a primary earner.
Critical illness insurance is an insurance product where the insurer is contracted to make a lump sum payments if the policyholder is diagnosed with one of the specific illnesses on a predetermined list.
Disability insurance offers income protection in the case of long-term disability that results in the inability to work for a long period of time.
A life insurance policy that a company purchases on a key executive’s life. The company is the beneficiary of the plan and pays the insurance policy premiums. This is necessary in the case where the sudden loss of a key person in a business would have negative effects on the company’s operations.