Life Insurance and Critical Illness Protection is a Financial Parachute.
“Life Insurance is like a parachute, if you don’t have it the first time you need it, there is no second chance”
– Luis A. Ortiz Haddock
It’s all too easy to think you’ll only ever need a “parachute” in the most extreme circumstances. Many people associate a parachute with jumping out of a plane or carrying out some extreme activity and of course this gives you the peace of mind that everything is going to end well.
Sometimes though things can – and unfortunately do – go wrong. It’s when things happen to your loved ones to turn your world upside down or when you feel yourself free falling at such pace that you need as much support as possible. A “parachute” is obviously an aid to cushion your impact when you do fall or are forced to jump. If you think about the things that can happen in life, and indeed some of the unexpected events you hear happening to people close to you and around you, then it’s time to think of life protection as a parachute. Something along the lines of assistance that allows you and your family to soften the impact of any financial crash.
By being prepared with the right life protection, your loved ones are much more able to manage with the reduced income that inevitably accompanies a situation when the main breadwinner falls ill or has a serious accident. Sometimes that person might require long term medical care or specialist medication. After all some of these moments can be considerably life changing events. Life protection, whether it’s Life insurance, Critical Illness protection or even Total and Permanent Disability protection – or maybe even a combination of the various types of policies – are all designed to make up for the financial losses that might have to be endured in the case of illness, a serious accident or even death. Life protection will allow you to have one less thing to worry about in the most trying times.
So maybe it’s time to change the way you think about life protection and look at it as defined in a dictionary; “Parachute” noun: “rescue equipment consisting of a device that retards your fall.”
Speak to us today to discuss your Life Insurance requirements. Life Insurance is like a parachute.
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