During a lifetime there are plenty of twists and turns and there’s always going to be those difficult situations that you couldn’t have prepared for or done anything about. But there is something you can do to protect your family and those closest to you.

Investing in a suitable life insurance plan for you and your family is the perfect way for you to protect them, should the worst happen to you or another family member. Although this may be a difficult option to think about at present, you will be glad of the extra protection should an incident occur that you totally weren’t expecting.

What will this life insurance offer my family?

In the event of your death or any other accident, this life insurance will give your family that extra security and support, helping them to pay any outstanding bills or mortgage repayments; maintaining their quality of life during this stressful and difficult time. When you invest in life insurance you will find that along with the protection, there will also be experts on hand to give your loved ones all the help and advice they need to get back on track.

How will it help them to cope financially?

For example, if you were to lose a family member this may have a huge impact financially as a salary or set of earnings would be lost, leaving the rest of the family to struggle and deal with that shortfall.

Perhaps your partner and children are reliant on you and depend on your salary and earnings? With the rising cost of everyday living, you will need to take out life insurance to ensure that your entire family will always be supported and can continue to lead a happy life, no matter what happens! This insurance would go towards any bills that need to be paid, tuition fees including university and college, food and any other essentials.

Having the security of life insurance can help in many different ways but most importantly, it would help your family return to normality much quicker as they would benefit from the additional support and guidance.

Which policy do I choose for my family?

Choosing a suitable policy can be a difficult decision to make as it is emotionally challenging to think that something of such a serious nature may one day happen to you. However, it is best to look at it as a way of protecting and safeguarding your family for the future.

Whether you are looking for decreasing term insurance, level term insurance, increasing term insurance or whole of life insurance you are sure to find a plan to suit your needs. Discussing this with your family is a great way to make them aware that they have this protection in place, which will settle their nerves should anything serious happen to you or a family member.

This article was provided by Total Peace of Mind; experts in helping individuals find the right kind of life insurance, in order to give families the financial protection and support that they deserve.

Top 5 Most Useful ‘Riders’ For your Life Insurance – family service life insurance co

Life Insurance offers peace of mind to you and a source of income for your family in case you pass away unexpectedly but this sometimes comes at a high cost. Life Insurance premiums are high because this is the one type of insurance that always has to pay out but there are ways to reduce costs as well as ways to sidestep the huge fees for a long time. Of course you can find a better deal by getting more than one whole life insurance quote but, sometimes, there is that one option that you really need but isn’t included. That’s what riders are for.

Riders are add-ons for your policy that raise the cost of premiums but add special benefits. While adding a disproportionate number of riders can lead to huge insurance premiums adding a small number of those that you feel are really necessary can give you peace of mind as well as, sometimes allowing you to cash in your policy while still breathing. Here are 5 quite useful riders to tack onto your insurance policy.

Disability Payout

Disability riders come in two variants, lump sum disability and disability income. The first one pays out a large sum of money to a person if they have become permanently disable in some way. A variant of this is the dismemberment rider, which pays a sum even if losing a single limb. The second pays an allowance of sorts to the policyholder for the rest of his life.

Guaranteed Extra Insurance

This rider guarantees that you will be able to extend your coverage or re-insure without having to pass another examination (therefore at a similar rate). It is especially good for people with a family history of middle or old age illnesses.

Term Conversion

This option allows you to switch your term insurance after its expiry with a whole life insurance policy without forfeiting all the money invested into your insurance so far. There usually is a time limit for selecting this rider.

Accidental Death

This add-on offers extra money to your family if you die in an accident, up to double the amount on the initial policy. Because accidental deaths are common to warrant consideration but not frequent enough for companies to stop offering this type of policy this one is quite common.

Terminal Illness

This rider gives you a part of your life insurance before dying in case you get a terminal case of one of several specified illnesses. This can help avoid getting your family deep into debt with medical bills.

Thinking about death and putting a financial value on it isn’t something that you likely want to do but sometimes it pays to think ahead of time so, if you’re getting life insurance make sure to take a look at all available riders and pick the best for you (if any).