Protect your Family with Life Insurance this Father’s Day
With Father’s Day fast approaching, it is important to appreciate all the amazing dads out there as it’s no easy job. From chauffeur for soccer practice to school lunch packer, handyman to hair brusher, or mechanic to maths teacher, there’s no task they can’t complete. If you’re a father, remember your kids think the world of you, so it is vital you protect their world if you can no longer be in it. In this article we will explain exactly how affordable life insurance can ensure that.
Life Insurance pays out a tax-free lump sum if you die or are diagnosed with a terminal illness. The lump sum will be paid to the policy owner. If you are the policy owner and the life insured, it will be paid to your estate. The money can be used in any way, some of which we will discuss.
Life Insurance can help secure your family’s financial health
Whether you are a single father or part of a parenting team, the unfortunate event of your death will have a significant impact on a household’s ability to maintain a similar level of income as to what they had before. With bills to pay, mouths to feed and a mortgage to protect, it’s a no brainer to consider gifting yourself a life insurance policy this Father’s Day, as it will provide your family the financial security they need.
Life insurance can help protect your children’s future
When assessing the level of life cover you need, it is not only important to consider the expenses of the present, but also the future. School, fees, activities costs, and putting some money aside for their university tuition...the list of education expenses is a long one but crucial in protecting your little one’s future. Life insurance, again, is the perfect fallback plan if something happens that will ensure your investment in your kids’ journey to building their own life down the line.
Life insurance can protect your own parents
On Father’s Day, it is worth remembering your own folks who helped build and protect your world from day one and may still be supporting you today with their new roles as grandparents. Beginning a policy with Pinnacle Life is another way you can support those most important in your life and a way of providing financial assistance to help your children have everything in life that you would have wanted them to have, especially if you are a single father. Along with that, your parents will not have to worry about any final expenses associated with funerals, burials and other costs they may have to cover along the way.
As difficult as it may be, it’s important for every father or mother to look to the future and consider their options. Hopefully, your family won’t need the money from your policy for a very long time, but it’s always best to be covered just in case. If you need any advice on what policy might be best for you, we’d be happy to help with our Digital Advice tool.
Being a dad is no easy job, but we will always look up to them no matter how tall we grow. Happy Father’s Day!
